Govt hikes excise duty on petrol, diesel

Govt hikes excise duty on petrol, diesel

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 in case of petrol and to Rs 4 in case 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.

Related Stories

No stories found.

No stories found.
national>>national/govt-hikes-excise-duty-on-petrol-diesel
logo
Pratidin Time
www.pratidintime.com