Keyword: "average retail electricity price"

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Cutting the excise tax on petrol is expected to help reduce costs for households and businesses. (Illustrative photo: VNA)

Energy price cuts to help curb inflation, boost growth: experts

The Government's decision to cut the average retail electricity price by 2% and reduce the petrol excise taxes to zero percent from November 1 is expected to ease cost pressures on consumer prices and support economic activity, particularly for businesses facing high input costs.