Petrol and diesel prices can get relief! Many options are being discussed

There can be a shortage of so much money- The Petroleum Ministry has recommended relief from high petrol and diesel prices. For this, a reduction in excise duty has been demanded. It has been said that if the excise duty is increased during the Kovid, if half of it is reduced, then the price can be reduced by Rs 5 per liter. But to get full advantage of this, the states will also have to cooperate and cut VAT for which the states have to agree.

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These options are being discussed- States may have an appeal to reduce VAT. Oil Cos can be said to carry some burden. Let us know that there is an environment of rise in the price of crude oil in the international market. Brent prices are at the highest level since February. Petrol and diesel prices have increased again in the domestic market. Government oil companies have increased the price of petrol and diesel today after keeping them stable for 29 days. The price of petrol has increased by 21 to 23 paise and the price of diesel by 26 to 29 paise.