<h1>Government Cuts Excise Duty on Petrol by Rs. 5, Diesel by Rs. 10 to Ease Fuel Prices and Support Economy.</h1> The government has announced a reduction in excise duty on petrol and diesel by Rs. 5 and Rs. 10, respectively, effective from tomorrow. This move aims to lower fuel prices and provide relief amid rising global crude oil costs. The reduction in diesel duty, being double that of petrol, is expected to benefit farmers during the Rabi season. The decision is part of efforts to support economic recovery post-COVID-19 and control inflation, benefiting the poor and middle classes. States are encouraged to reduce VAT on these fuels to further ease consumer costs.