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‘It’s always people first for us’ : PM Modi as govt cuts excise duty on petrol, diesel

By Priyanka Verma 
Updated Date

New Delhi: Prime Minister Narendra Modi said the decisions taken by his government on Saturday, May 21, including the reduction in the Central excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre, will positively impact various sectors and provide relief to the citizens.

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Taking to Twitter, PM Modi wrote, “It is always people first for us! Today’s decisions, especially the one relating to a significant drop in petrol and diesel prices will positively impact various sectors, provide relief to our citizens and further ‘Ease of Living.’”

On subsidy for gas cylinder, the prime minister said the government’s Ujjwala Yojana has helped ‘crores of Indians,’ especially women. He added that the subsidy decision will ‘greatly ease’ family budgets.

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The Pradhan Mantri Ujjwala Yojana (PMUY) was launched by PM Modi on May 1, 2016, to distribute a total of 50 million LPG connections to women from the Below Poverty Line (BPL) families.

Sitharaman said the government is also reducing the customs duty on raw materials and intermediaries for plastic products where the country’s import dependence is high. This will result in a reduction of cost of final products, she added.

Similarly, she said the Centre is calibrating customs duty on raw materials and intermediaries for iron and steel to reduce their prices. “Import duty on some raw materials of steel will be reduced. Export duty on some steel products will be levied,” she further said.

The Union Finance Minister said that measures are being taken up to improve the availability of cement and through better logistics to reduce the cost of cement.

In addition to the fertilizer subsidy of Rs 1.05 lakh crore in the budget, she said an additional amount of Rs 1.10 lakh crore is being provided to further cushion our farmers.

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