Oil price cut shows Modi government's sensitivity to people's welfare: Shah

Press Trust of India  |  New Delhi 

said Thursday that the reduction in petrol and diesel prices by Rs 2.50 a litre shows the Narendra Modi-led government's sensitivity towards people's welfare.

At a press conference, (BJP) expressed the hope that people will get a total relief of Rs 5 at the earliest as the Centre has asked states to effect an equal amount of tax cut in the prices.

He also took a swipe at the previous Congress-led government at the Centre, saying it had "pawned" national resources by issuing bonds while the showed its sensitivity by reducing the prices.

The government has also expressed confidence it will fulfil its fiscal deficit targets, Patra noted.

The government Thursday announced a Rs 2.50 per litre cut in petrol and diesel prices after it reduced excise duty by Rs 1.50 a litre and asked companies to absorb another Re 1.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 04 2018. 17:55 IST