Petrol, diesel price cut to LPG subsidy to import duty cut: Key announcements by Modi govt

FM Nirmala Sitharaman announced several economic relief measures including the lowering the excise duty for petrol and diesel, subsidy for gas cylinders etcPremium
FM Nirmala Sitharaman announced several economic relief measures including the lowering the excise duty for petrol and diesel, subsidy for gas cylinders etc
2 min read . Updated: 21 May 2022, 08:24 PM IST Livemint

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Amid the concerns regarding growing prices and inflation, the Centre on Saturday announced several economic relief measures including the lowering the excise duty on petrol and diesel, subsidy for gas cylinders etc. in a bid to make life easier for the common man.

While making the announcements today, finance minister Nirmala Sitharaman said, since prime minister Narendra Modi took office, the government has been devoted to the welfare of the poor. “We’ve taken a number of steps to help the poor and middle class. As a result, the average inflation during our tenure has remained lower than during previous governments."

We’ve taken a number of steps to help the poor and middle class. As a result, the average inflation during our tenure has remained lower than during previous governments, FM Sitharaman said adding, “Even during the pandemic, our government set a paradigm of welfare, especially with PM Garib Kalyan Anna Yojana. This is now acknowledged and appreciated the world over."

Despite the challenging international situation, we’ve ensured that there are no shortages/scarcity of essential goods. Even a few developed countries couldn’t escape some shortages/disruptions, she also said.

Here is what was announced today:

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