'Devil and deep sea': Chidambaram questions excise duty cut, asks if states can afford to lose VAT
India | May 22, 2022 14:55 ISTPetrol price on Sunday was slashed by Rs 8.69 a litre and that of diesel by Rs 7.05 per litre following the government's decision to cut excise duty on auto fuels, giving relief to consumers battered by high fuel prices that had pushed inflation to a record high.