Maharashtra Chief Minister Devendra Fadnavis praised the Central government’s decision to reduce excise duty on petrol and diesel, stating that it would shield Indian consumers from the impact of the ongoing Middle East conflict.
Fadnavis highlighted the importance of this move in safeguarding against global energy price fluctuations. The Centre’s immediate excise duty reduction of Rs 10 per liter on both petrol and diesel was commended by the Chief Minister.
He expressed gratitude towards Prime Minister Narendra Modi for ensuring that India, unlike neighboring countries like Sri Lanka, Pakistan, and Bangladesh, remains stable amidst fuel shortages. Fadnavis emphasized that the government’s action prevents the escalation of crude oil prices burdening the common citizen.
The Chief Minister cautioned against panic buying, reassuring the public of ample fuel reserves due to efficient refinery operations. He condemned the spread of false information on social media platforms and emphasized the tax cut’s role in aiding oil marketing companies to manage high import costs without raising retail prices.
Union Petroleum Minister Hardeep Singh Puri echoed the message, urging citizens to disregard lockdown rumors and emphasizing the government’s commitment to stability. He underscored the government’s decision to absorb financial losses to shield Indian citizens from international energy price fluctuations.
Fadnavis also addressed concerns regarding LPG availability, assuring that domestic needs, especially in agriculture, would be prioritized to prevent market irregularities.
