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FM Sitharaman Announces Fuel Price Reduction To Tackle Inflation; Opposition Call It 'Illusionary...

Finance Minister Nirmala Sitharaman posted a series of tweets on May 21, announcing a cut on excise duty, leading to a reduction in fuel prices, petrol by ₹8 and diesel by ₹6 per litre. The repercussion of this decision will cost the government ₹1 lakh crore per annum in revenue. Sitharaman also...