Time ripe to cut excise duty on petrol, diesel

Did the government let go of an opportunity to reduce the excise duty on petrol and diesel? It is possible. “Wait till May 12, by then there will be more clarity on US sanctions on Iran. Back home also, the Karnataka elections will be done,” said an industry tracker. While politics may have stopped the government from cutting excise duty on the two fuels, those within the industry believe this is…