New Delhi: Defence Minister Rajnath Singh thanked Prime Minister Narendra Modi on Wednesday for the Centre's decision to reduce excise duty on petrol and diesel, saying that it will have a positive impact on India's economy.

Sharing a note on twitter, the Defence Minister said, "On the eve of Diwali, the Central Government, under the leadership of PM Narendra Modi, has given a huge relief to the general public by reducing the excise duty on diesel and petrol by Rs 10 and Rs 5 respectively. I wholeheartedly welcome this decision."This decision taken by Modiji will not only lighten the burden on the pocket of the common man but will also prove to be a great help in controlling inflation," he further said.

This decision will be beneficial to the economy as well. "My heartfelt gratitude to Prime Minister Modi for taking such a bold decision in the public interest," he said.

The Centre reduced excise duty on petrol and diesel on Wednesday, making a significant decision to bring down the prices of the two petroleum products, which had been on the rise. Consumers were relieved on the eve of Diwali. The Finance Ministry announced that the excise duty on petrol will be reduced by Rs 5 and that on diesel will be reduced by Rs 10, with the changes taking effect on Thursday.

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