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Thursday, December 19, 2024 | 05:35 PM ISTEN Hindi

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Excise duty on petrol, diesel up by Rs 3 per litre as oil prices decline

Special excise duty on petrol was hiked by Rs 2 to Rs 8 per litre and to Rs 4 in case of diesel

Cess on Petrol Diesel
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Road cess on petrol was raised by Rs 1 per litre each on petrol and diesel to Rs 10

Press Trust of India New Delhi
The government on Saturday hiked excise duty on petrol and diesel by a steep Rs 3 per litre each to garner about Rs 39,000 crore additional revenue as it repeated its 2014-15 act of not passing on gains arising from slump in international oil prices.

Retail prices of petrol and diesel will not be impacted by the tax changes as state-owned oil firms adjusted them against the recent fall in oil prices and the likely trend in the near future, industry officials said.

According to a notification issued by the Central Board of Indirect Taxes and Customs, special excise duty on petrol

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