Indians get respite from inflation after cut in fuel prices

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Indians get respite from inflation after cut in fuel prices

STORY: Indians get respite from inflation after cut in fuel prices DATELINE: May 23, 2022 LENGTH: 00:01:32 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of fuel station 3. various of people taking fuel into vehicle 4. various of cooking gas cylinders 5. various of vegetables market 6. various of grocer STORYLINE: People in India got some respite from overall inflation on Sunday after the federal government announced a cut in fuel prices. "Reduction of Central Excise Duty on petrol and diesel. Central excise duty has been reduced by 8 Indian Rupees (around 10 U.S. cents) per liter for petrol and by 6 Indian Rupees (around seven U.S. cents) per liter for diesel (by reducing Road and Infrastructure Cess)," tweeted the country's Finance Minister Nirmala Sitharaman on Saturday night. With the reduced excise tax, petrol will now cost 95.91 Indian Rupees (around 1.23 dollars) per liter while diesel will cost 89.67 Indian Rupees (around 1.15 dollars) per liter in Delhi. New

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