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"On Wednesday, the Finance Ministry announced a Rs 5 per litre cut in excise duty on petrol and a Rs 10 per litre cut in excise duty on diesel. The finance ministry stated that crude oil prices have witnessed a global upsurge in recent months. As a consequence, domestic prices of petrol and diesel had increased in recent weeks and these factors were exerting inflationary pressure. But nevertheless, the govt reduced the excise duty on Petrol and diesel. and that the excise duty reduction in Diesel will help the farmers. It is shown as a Diwali gift from the Modi govt to the masses. It is being celebrated as such from the cabinet minister's to BJP supporters, they are all hailing the decision of the government. And I agree, the reduction in excise duty surely brings some relief to the common man. But is this excise duty reduction on fuel as big as it is being projected? let us discuss it threadbear in today's video. #Petrol #Diesel #VAT #FuelTax #Inflation #ExciseDuty #PMModi #BJP #UPA2 #BypollResults2021 To Join HW Membership Program: https://hwnews.in/subscribe To Join Youtube Membership - / @hwnewsenglish SUBSCRIBE to HW News English Here ► http://bit.ly/Subscribe-HWNews-English Download the HW News Network free app available on Android and iOS: http://onelink.to/bpk42n For NEWS and POLITICAL updates in English. Send us a ‘Hi’ on our Whatsapp Number - 9820918578 #HWNewsEnglish #HwLatestNews For advertising related queries write to us at sales@hwnews.in Connect With Us On: → Facebook: / hwnewsenglish → Twitter: / hwnewsenglish For More Videos Visit Here: https://hwnews.in/