Key Announcements

1. As petrol prices have been on the rise in the last few weeks, the price of a 14.2-kg gas cylinder is now as low as Rs 803 in the national capital.

2. Central has reduced the excise duty on Petrol by ₹8 per litre and on diesel by ₹9.5 per litre. While the move will reduce the government's revenue by around Rs 1 lakh crore per year.

3. Central has reduced the custom duty on raw materials for plastics which will return in reduction of final product costs.

4. Similarly, Import duty on some raw material of steel will be reduced, export on some steel products will be levied.