Govt raise excise duty on petrol, diesel by Rs 3 per litre
Team Udayavani, Mar 14, 2020, 9:42 AM IST
New Delhi: Excise duty on petrol and diesel was on Saturday hiked by Rs 3 per litre as the government looked to mop up gains arising from fall in international oil prices.
Special excise duty on petrol was hiked by Rs 2 to Rs 8 per litre incase of petrol and to Rs 4 incase of diesel, an official notification said.
Additionally, road cess on petrol was raised by Rs 1 per litre each on petrol and diesel to Rs 10.
The increase in excise duty would in normal course result in a hike in petrol and diesel prices but most of it would be adjusted against the fall in rates that would have necessitated because of slump in international oil prices.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Sebi takes measures to curb front running, insider trading in mutual funds
Markets wipe out early gains on fag-end sell-off; Nifty slips from record
Sebi asks NSE to asses Linde India’s related party transactions
Nifty hits all-time high; Sensex nears lifetime peak
Indian markets trade firm on global rally, fresh foreign fund inflows
MUST WATCH
Latest Additions
‘Shehzada’ dig: 3 generations of Nehru-Gandhi family sacrificed themselves for country, says Sharad Pawar
Rinku Singh a casualty of IPL’s ‘Impact Player’ rule: Report quotes BCCI source on T20 World Cup
Delhi cops question Youth Cong leader in MP’s Chhatarpur over fake video of Shah
Kumaraswamy and Shivakumar spar over sex scandal involving Hassan MP
Poor people have more children, why only Muslims are being targeted: Kharge asks PM