Entire burden of excise duty cuts on petrol, diesel is borne by Centre: FM

Finance Minister Nirmala Sitharaman on Sunday tweeted that the entire burden of the duty cuts on petrol and diesel announced yesterday and in November 2021 is being borne by the Centre. "Excise duty reduction...has entirely been made in Road & Infrastructure Cess," Sitharaman explained, adding that the Basic Excise Duty, which is sharable with the states, has not been touched.