Fuel price cut: Sitharaman explains math behind excise duty, compares govt's spending before and after 2014

Petrol-Diesel price cut: Even as petrol and diesel prices were slashed by Rs 8.69 a litre and diesel by Rs 7.05 per litre following the government cutting excise duty on auto fuels to give relief to consumers battered by high fuel prices that has also pushed inflation to record high, the Congress on Sunday said that the step was a political gimmick and not relief to people, as it was like 'three steps forward and two steps back'.

Fuel price cut: Sitharaman explains math behind excise duty, compares govt's spending before and after 2014
Petrol-Diesel price cut: Even as petrol and diesel prices were slashed by Rs 8.69 a litre and diesel by Rs 7.05 per litre following the government cutting excise duty on auto fuels to give relief to consumers battered by high fuel prices that has also pushed inflation to record high, the Congress on Sunday said that the step was a political gimmick and not relief to people, as it was like 'three steps forward and two steps back'.