FM Sitharaman: Govt Estimates Revenue Impact Of Over Rs 1 Lakh Crore In 2026

Added: 2026-05-27

[00:00:00]So, to shield citizens, therefore, and businesses from the steep rise in global crude prices, central excise duty on petrol and diesel was reduced by 10 rupees per liter.

[00:00:17]The government is estimated to take a revenue impact of over 1 lakh crore on this one score in the year 2026-27 because of this one decision.

[00:00:33]So, the burden for a considerable period because of that reduction in excise duty had been taken away from the shoulders of the common people because government has foregone or taken the burden of 1 lakh crore rupees on its shoulders.