India News | Decision to Cut Excise Duty on Fuels Driven by Opposition's Pressure: DMK's Ezhilan Naganathan

Chennai (Tamil Nadu) [India], March 27 (ANI): Dravida Munnetra Kazhagam (DMK) leader Ezhilan Naganathan on Friday said the government's decision to slash excise duties on petrol and diesel was driven by mounting pressure from opposition parties and the upcoming elections.

Speaking to ANI, Naganathan said, "Under the mounting pressure made by the opposition parties and elections on the cards, PM Modi has made this decision...We welcome it."

Also Read | Congress Sees No Real Relief From Excise Duty Cut on Petrol, Diesel; Accuses Govt of 'Fooling' People.

Earlier in the day, the government slashed excise duties for petrol and diesel, bringing them down to Rs 3 per litre of petrol and zero for a litre of diesel. Windfall tax on export of diesel has been set at 21.5 rupees/litre.

The reduction comes amid a global energy crisis due to the US-Israel war on Iran and the consequent Tehran-imposed blockade on the Strait of Hormuz, through which a fifth of the world's crude oil and gas supply, between 20 and 25 million barrels per day, is shipped.

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Before the conflict, India bought 12 to 15 per cent of that oil.

Further, Naganathan emphasised the strength and unity of the party's alliance. He also praised the leadership of Chief Minister MK Stalin, stating that under his guidance, Tamil Nadu has become the top state across various indices.

"Our alliance has been intact and is strong. Under the able leadership of our Chief Minister, who has made this state the number one state in all indices, people are geared up, and people are ready to vote for DMK," he told ANI.

Tamil Nadu will go to the polls in a single phase on April 23, with counting scheduled for May 4.

The main electoral contest is expected between the Dravida Munnetra Kazhagam (DMK)-led Secular Progressive Alliance (SPA), which also includes Congress, DMDK, and the VCK, and the National Democratic Alliance (NDA), led by AIADMK with the BJP and Pattali Makkal Katchi (PMK) as allies.

Actor-turned-politician Vijay is set to make his electoral debut with TVK, attempting to turn the upcoming elections into a three-way contest. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)