Excise duty increased on petrol and diesel by Rs 3 per litre
New Delhi/UNI: In the aftermath of the fall in crude oil prices in the international market, the Government has hiked the excise duty on petrol and diesel by Rs three a litre.
In addition, the government has increased the road cess on petrol by Rs one a litre and diesel by Rs 10 a litre.
According to an official notification issued here, special excise duty on petrol has been raised from Rs two to Rs eight a litre and diesel to Rs four a litre.
The government is looking to mop up gains arising from fall in international oil prices.
Economists say that in normal course the increase in excise duty would have resulted in a hike in petrol and diesel prices, but most of it would be adjusted against the fall in rates due to slump in international oil prices.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
