Finance Minister Nirmala Sitharaman stated that reducing excise duty on petrol and diesel would result in a revenue loss of approximately ₹1 lakh crore. Speaking at SIDBI's 37th anniversary, she emphasized maintaining public confidence despite global uncertainties and rising fuel prices. She focused on the '3 Fs'—Fuel, Fertilizer, and Forex—while asserting that India's domestic economy remains strong and positive despite external challenges and rising global costs. https://www.dharitri.com/nirmala-sitharaman-said-excise-duty-reduction-petrol-diesel-revenue-loss/ #creator program