Fuel Relief Amid Crisis: Centre Cuts Excise Duty on Petrol & Diesel by ₹10 Amid global crude supply concerns due to tensions in the Gulf of Hormuz, the central government has reduced excise duty on petrol and diesel by ₹10 each. Petrol duty drops to ₹3, while diesel sees zero excise duty. Prices may fall, but final rates depend on oil companies, with state VAT still applicable. #FuelPriceCut #PetrolDiesel #ExciseDuty #OilCrisis #IndiaNews