RESPITE FOR PEOPLE, FUEL PRICES SLASHED

Guwahati, October 4, 2018:

Union Finance Minister Arun Jaitley has announced that the Centre has cut the price of fuel by up to Rs 2.50 per litre on Thursday.

The Union Minister added that the excise duty would be reduced by Rs 1.5 per litre while oil marketing companies would absorb the rest Re 1 per litre.

He has also asked the state government to do the same as it would reduce the price to Rs 5 in total which would increase the buying capacity of the consumers.

He further said that the oil and marketing companies are in a position to absorb the consequences of the cut.