<h1>Central Govt Reduces Excise Duty on Petrol & Diesel by Rs. 2/Litre; Exempts Bio-Diesel & Ethanol Blends.</h1> The Central Government issued several excise tariff notifications for the 2018-19 budget, effective February 2, 2018. These include exemptions from additional excise duty for high-speed diesel blended with bio-diesels and ethanol-blended petrol. The notifications also amend previous excise duties, reducing the Basic Excise Duty on petrol and diesel by Rs. 2 per litre. Additionally, certain past notifications were rescinded, including those from 2002, 2004, 2008, 2009, and 2015. These measures aim to adjust excise duties and provide exemptions in line with the Finance Bill 2018, impacting the road and infrastructure cess.