Chandigarh, March 27, 2026 (Yes Punjab News)
The government has taken a major decision to provide relief to the general public in view of rising global prices. The excise duty on petrol has been reduced from ₹13 to ₹3 per litre, while the ₹10 duty on diesel has been completely removed. For this, Punjab BJP President Sunil Jakhar expressed gratitude to Prime Minister Narendra Modi.
Due to ongoing tensions in West Asia, crude oil prices have surged from around $70 per barrel to nearly $122 per barrel over the past month. As a result, petrol and diesel prices have increased significantly worldwide—by 30–50% in Southeast Asia, around 30% in North America, 20% in Europe, and about 50% in Africa. During this period, India has emerged as an exception.
He stated that in such challenging circumstances, the government had two options—either increase prices like other countries and pass the burden onto the public, or bear the financial pressure itself to provide relief.
The Modi government chose the latter path, aiming to protect common citizens from global inflation. He added that the Prime Minister understands the hardships faced by ordinary people and knows how to address them effectively.
The BJP President further said that this step will also reduce the heavy losses faced by oil companies, while ensuring that the common public does not bear additional burden. By significantly cutting its own tax revenue, the government has prioritized public welfare above all.
He also mentioned that an export duty of ₹21.5 per litre on diesel and ₹29.5 per litre on ATF has been imposed to ensure adequate domestic availability and to prevent misuse of international price differences.
This decision reflects that even in difficult global conditions, the government is prioritizing economic stability and public welfare above all else.
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