Excise duty cut on petrol-diesel due to assembly polls: Congress slams govt
GST
Dated:- 27-3-2026
PTI
New Delhi, Mar 27 (PTI) The Congress on Friday alleged that the government's excise cuts on petrol and diesel were because of assembly elections and pointed out that consumer prices in India were not reduced even when global crude oil prices fell on seven different occasions in the past 12 years.
The opposition party's attack came after the government slashed excise duty on petrol to Rs 3 per litre and exempted diesel fully from the duty.
Congress general secretary in-charge communications Jairam Ramesh said, “When global crude oil prices fell as they did on seven different occasions in the past 12 years consumer prices in India were not reduced.” “Today's announcement was because of assembly elections. Wait till April 30th,” he said.
Assembly elections in Assam, Kerala and Puducherry will be held on a single day on April 9, in Tamil Nadu on April 23, and in t
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manufacturing headlines and fooling people, the government should focus on delivering actual relief to consumers,” he said.
In another post, Khera pointed out the rise in fuel prices, irrespective of crude prices over the years.
“Modi's Masterstroke: Cheaper crude. Costlier fuel. In May 2014, crude oil was at $106.94 per barrel. Petrol cost Rs 71.71 per litre, and diesel Rs 56.71. Fast forward to just before the West Asia conflict — crude oil had fallen to around USD 70 per barrel. But petrol was selling at Rs 94.72 per litre, and diesel at Rs 87.62 in Delhi,” he said.
India also bought crude oil from Russia at a discounted rate, but the benefit did not translate into relief for consumers, he said.
“It only made the Ambanis richer,” Khera said.
He added, “Because between 2014 and 2026, the government revised the excise duty a total of 21 times, increasing it 12 times. So much for Achche Din!” The Congress leader also lashed out at Petroleum Minister Hardeep Sing
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0 per cent since the United States and Israel launched military strikes against Iran on February 28, triggering sweeping retaliation from Tehran.
In a notification issued on March 26, the Finance ministry cut excise duty to Rs 3 a litre, from Rs 13 a litre earlier, while the levy on diesel was slashed to nil from Rs 10 earlier.
The duty cuts are effective immediately, the ministry said.
Despite the spike in international prices, retail pump rates have not been changed, putting a strain on the finances of oil companies.
The government cuts stand to give some relief to oil companies.
Tracking the excise duty cut notification, shares of fuel retailers IOC, BPCL, and HPCL opened higher on BSE.
International oil prices touched USD 119 per barrel earlier this month, before pulling back to around USD 100 per barrel.
India imports 88 per cent of its crude oil and roughly half of its natural gas. These mostly come via the Strait of Hormuz. PTI ASK VN VN
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