Petrol
Representational image | Dhiraj Singh | Bloomberg
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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 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.


Also read: Coronavirus, Yes Bank failure, oil shock, slowdown – Indian economy has too many challenges


 

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3 Comments Share Your Views

3 COMMENTS

  1. No relief to the consumers and General Public. It was persumed. Government will reduce bus fare. But it is Dhokha with the public. If rates increased Govt revise on daily basis. What happened now. Loosing cretebility.

  2. Okay, as now due to reduction of petrol & Diesel, govt. has introduced special cess for both to earn more for to improve financial reserve. But, the special cess must be abolished, when prices of petrol & Diesel increase in international market also in locally.

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