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The government has also proposed an incentive that has gotten both the consumers and industry observers talking, in that it has decided to reduce the excise duty on petrol to 3 per litre, with the duty on diesel going down to zero. This is, on the surface, a huge relief measure, particularly given the current [] The post Excise Duty Cut on Petrol and Diesel: Will Fuel Prices Reduce? first appeared on My India .