Petrol-Diesel Tax Cut: No Direct Benefit for Common Man, Here's Why

• Government slashes excise duty on petrol from Rs 13 to Rs 3 per liter and on diesel from Rs 10 to zero.
• Despite tax cuts, retail prices of petrol and diesel will not decrease for the common public.
• The move aims to rationalize tax structure and promote exports, benefiting Oil Marketing Companies (OMCs) directly.
• OMCs' expenses decrease, increasing their profits and improving financial health, especially after past losses.
• Special Additional Excise Duty (SAED) on high-speed diesel for export set at Rs 18.5 per liter; zero for petrol exports.