Fuel Price Update: March 27
₹10 Excise Duty Cut Announced by Govt
1. The Official Announcement
Finance Minister Nirmala Sitharaman announced a major reduction in central excise duty today to shield consumers from the West Asia energy crisis.
- Petrol: Duty slashed from ₹13 to ₹3 per litre.
- Diesel: Duty fully exempted (Reduced from ₹10 to Zero).
*Note: Retail pump prices remain stable in most cities as Oil Companies use this cut to absorb global losses ($112/barrel crude).*
Latest Retail Prices (March 27, 2026)
| City | Petrol (₹/L) | Diesel (₹/L) |
|---|---|---|
| New Delhi | ₹94.77 | ₹87.67 |
| Mumbai | ₹103.54 | ₹90.03 |
| Hyderabad | ₹107.46 | ₹95.70 |
| Bengaluru | ₹102.96 | ₹90.99 |
The government has bought time, but global oil pressure remains high.
Daily Energy Brief by SkillPlusHub