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Excise duty on petrol, diesel hiked by Rs 3 per litre

Source: PTI  -  Edited By: Hemant Waje
Last updated on: March 14, 2020 11:08 IST
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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 Re 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.

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Source: PTI  -  Edited By: Hemant Waje© Copyright 2021 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
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