In a major move to counter the rising global crude oil prices fueled by the West Asia conflict, the Central Government has announced a significant reduction in Special Additional Excise Duty (SAED) on fuel. While the tax on petrol has been slashed to ₹3 per litre, the duty on diesel has been effectively reduced to zero.However, for the common man in Rajasthan, there is a catch. Despite this massive tax cut, retail prices at the pump are unlikely to see an immediate drop.Why Prices Aren't Falling at the Pump?While the government has reduced its tax burden by nearly ₹1.55 lakh crore, the benefit is primarily intended for Oil Marketing Companies (OMCs) like IOC, BPCL, and HPCL.Absorbing Losses: OMCs have been buying expensive crude oil (around $100–120 per barrel) but selling it at frozen retail rates, leading to heavy losses.Price Stability: This excise cut will help these companies offset their "under-recoveries" without passing the global price hike to the consumers.PM Modi to Review Fuel Situation with CM BhajanlalGiven the global energy crisis, Prime Minister Narendra Modi is scheduled to hold a high-level video conference with Rajasthan Chief Minister Bhajanlal Sharma today.Feedback on Supply: The PM will take feedback on the availability of petrol, diesel, and LPG in the state.Stock Security: CM Bhajanlal has assured that Rajasthan has sufficient stock of fuel and fertilizers, ensuring that international tensions won't disrupt the common man’s kitchen or commute.Current Petrol-Diesel Rates in Rajasthan (March 27, 2026)As of today, fuel prices across Rajasthan remain steady but vary by district due to local VAT (Value Added Tax) and transport costs:CityPetrol Price (per litre)Diesel Price (per litre)Jaipur₹104.72₹90.21Jodhpur₹104.59₹90.05Udaipur₹106.18₹90.93Bikaner₹106.21₹91.73Kota₹104.45₹89.96Every 15 Days: The New Review CycleThe Government has also announced that fuel prices and excise duties will now be reviewed every 15 days. This move is aimed at maintaining a balance between global market volatility and domestic inflation. Experts suggest that unless crude oil prices stabilize below $80, a direct price cut for consumers remains a distant possibility.
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