The Federation of Indian Chambers of Commerce & Industry (FICCI) and Confederation of Indian Industry (CII) both issued statements welcoming the Centre's move of reducing excise duty on petrol and fuel. They said it would help reduce inflationary pressure.
FICCI welcomes the series of measures announced including excise duty cuts in petrol, diesel & custom duty reductions on intermediaries. We thank the Hon’ble PM & the FM for providing the much needed relief to both the common man & industry: FICCI President Mr Sanjiv Mehta. pic.twitter.com/x5ogJWIwbM— FICCI (@ficci_india) May 22, 2022