Earlier in November, in a significant decision, the Centre reduced excise duty on petrol and diesel to bring down the prices of the two petroleum products which had been seeing an upward trend.
Calling the reduction in excise duty on petrol and diesel 'inadequate', the RJD leader alleged that the Modi government is doing a drama.
Sitharaman, who had raised excise duty on petrol and diesel to record high to shore up revenue collections last year, said the interest on oil bonds paid in the last seven years totalled Rs 70,195.72 crore.
Government has hiked the excise duty on petrol, diesel by Rs 3 per litre. The move has come just days after petrol, diesel prices were reduced by more than Rs 2 per litre amid a decrease in global demand due to coronavirus pandemic.
New Delhi: Under attack for hiking excise duty on petrol and diesel, government today said the step was taken to save money for developmental works after “substantial” benefits of reducing global crude prices were passed
New Delhi: The government has again raised the excise duty on petrol and diesel by Rs 2.25 and Rs 1 a litre respectively, but consumers will be spared of the price hike.With this, the duty
New Delhi: In order to boost revenues and contain budget borrowing, the government on Thursday increased excise duty on both petrol and diesel by Rs 1.50/litre. The hike would bring in additional revenue of about
New Delhi: Price of branded or premium petrol will be cut by over Rs 5 per litre after the government reduced excise duty on the fuel.The government had in 2008 introduced differential duty structure for
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