Excise duty will be reduced by 1.50 and oil marketing companies will absorb another 1. So, a total of 2.50 will be reduced on both diesel and petrol, said finance minister Arun Jaitley
4 min read4 Oct 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared