News live: Govt reduces basic excise duty on petrol and diesel by Rs 2 per litre

News live: Govt reduces basic excise duty on petrol and diesel by Rs 2 per litreMoneycontrol.comPump gate prices of petrol and diesel, which are revised daily in India, are linked to international crude price movements. A cut in excise duty would proportionately reduce oil companies' tax outgo, helping to keep retail prices from rising for retail ...and more »

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