The excise duty cut will translate into a reduction of Rs 8.69 a litre on petrol in Delhi and Rs 7.05 in diesel per litre after taking into account its impact on other levies.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan thanked Prime Minister Narendra Modi and said the Centre's decision to reduce the excise duty on petrol and diesel will bring relief to people across the country.
Rajan said the central government had never consulted states when it increased the taxes and that his state was already incurring loss of over Rs 1,000 crore due to the earlier tax cut announced by the union government in November 2021.
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