New Delhi, Oct 19 (TIWN) Consumers could expect relief from the surging price of auto fuels this festive season as the government may opt for an excise duty cut on petrol and diesel, for the first time since the outbreak of the pandemic.

By doing so, the government aims to prevent rising crude oil prices from adversely affecting the retail price of these two commonly-used products. Petrol and diesel prices have already reached historic high levels across the country and have risen on most days for past one month, burning a larger hole in consumers' pockets.  Sources said that Rs 2-3 per litre cut in excise duty on petrol and diesel might be announced as a shield to prevent a further spike in prices of auto fuels.