Hyderabad, May 22 -- Petrol and diesel prices witnessed a significant fall after the central government cut the excise duty on fuel. The duty has been cut by Rs. 8 per liter on petrol whereas, Rs. 6 per liter on diesel.

After the duty cut, the petrol and diesel prices in Hyderabad have dropped from Rs. 119.49 to Rs. 109.66 per liter and from Rs. 105.49 to Rs. 97.82 per liter respectively.

While announcing the excise duty cut, Union Finance Minister Nirmala Sitharaman said, "I wish to exhort all state governments, especially the states where reduction wasn't done during the last round (November 2021), to also implement a similar cut and give relief to the common man".

Following the footstep of the central government, Rajasthan and Keral...