New Delhi: The prices of vegetables and fruits in the market are set to decrease in the country, following the Centre’s decision on Saturday to slash fuel rates.
The Centre announced on Saturday evening that it is slashing excise duty on petrol and diesel by Rs 8 and Rs 6 per litre respectively. This will reduce the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre.
The reduction in fuel prices will have a domino effect, as transportation costs will be reduced, which in return will make vegetables and fruits cheaper.
Additionally, the central government has decided to reduce customs duty on raw materials and intermediaries for plastic products.
Finance Minister Nirmala Sitharaman took to Twitter and said, “We are also reducing the customs duty on raw materials & intermediaries for plastic products where our import dependence is high. This will result in a reduction in the cost of final products.”