Fadnavis praises PM for excise cut; warns against hoarding, rumour-mongering
GST
Dated:- 27-3-2026
PTI
Mumbai, Mar 27 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Friday said the petrol excise duty cut will shield consumers from the impact of rising crude prices amid the West Asia war, and urged people to avoid panic buying of fuels as it can create an artificial shortage.
“The Middle East conflict led to a rise in oil prices, and there were fears that petrol and diesel prices would also go up in the country. However, those prices did not increase because the government reduced the excise duty by Rs 10 per litre. This enabled our oil companies to absorb the burden without passing it on to customers,” Fadnavis told
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Under PM Modi's leadership, India has managed the crisis effectively, ensuring there is no shortage of petrol or diesel, the chief minister added.
“I think the kind of diplomacy our Prime Minister has practiced is commendable. I would like to urge the citizens not to unnecessarily queue outside the petrol pumps because we have petrol and diesel stock for the next one month. If people resort to panic buying petrol and diesel, then there will be stress on the supply and demand cycle leading to an artificial shortage,” the chief minister added.
The government is taking all necessary steps to ensure timely supply of LPG to households, he said.
“There is no need for hoarding and no one should do that. And if the gas ag
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