Central Govt cuts excise duty on petrol by Rs 8 per litre, on diesel by Rs 6 per litre
After the long-standing demand, the central government has given great relief to the people. Center has reduced the excise duty on petrol and diesel. The Center has reduced tax by Rs 8 on petrol and Rs 6 on diesel. After this, petrol has become cheaper by Rs 9.50 and diesel by Rs 7.But after this cut, politics has started. The opposition has targeted the government.
May 22, 2022, 11:12 AM IST
Petrol, diesel get cheaper, here's how much excise duty and VAT you need to pay now
The Central government has cut the excise duty on petrol and diesel to offer some respite to the common man faced with an ever-increasing inflation.
May 22, 2022, 09:02 AM IST
Namaste India: Government cuts excise duty on petrol, diesel
After the long-standing demand, the central government has given great relief to the people. Center has reduced the excise duty on petrol and diesel. The Center has reduced tax by Rs 8 on petrol and Rs 6 on diesel. After this, petrol has become cheaper by Rs 9.50 and diesel by Rs 7.
May 22, 2022, 08:52 AM IST
Cut sales tax or VAT on petrol and diesel: Pradhan to states
Oil Minister Dharmendra Pradhan further said that the petroleum sector would be brought under the ambit of the Goods and Services tax (GST) as and when the consensus is reached among the states.
Dec 28, 2017, 22:08 PM IST
Petrol, diesel prices to cost more as crude oil hits 28-month high
Globally, oil prices rose 3.5 percent on Monday, hitting the highest since early July 2015, as Saudi Arabia's crown prince cemented his power with an anti-corruption crackdown, while the US rig count fell and markets continued to tighten.
Nov 07, 2017, 12:07 PM IST
Despite cut, petrol, diesel, rate in India 2.5 times of Singapore benchmark: Moody's
The government this week cut excise duty by Rs 2 per litre as part of efforts to reduce the prices of petrol and diesel.
Oct 06, 2017, 14:45 PM IST
Government may not cut excise duty on petrol, diesel for now
Government may not cut excise duty on petrol and diesel in the near-term if it accepts the suggestions made in the approach paper submitted by Chief Economic Adviser for maintaining status quo when oil prices can climb by another USD 15 a barrel.
Jul 03, 2016, 13:25 PM IST
Global crude down 2/3rd since May '14; petrol falls only 16%
A litre of petrol cost Rs 71.41 in May 2014 when international oil was at USD 106.85 per barrel but even after over two-third fall in global rates, the price of petrol has witnessed only 16 percent decline and remains at Rs 60 per litre.
Feb 24, 2016, 19:16 PM IST
Excise duty hiked on petrol by Re 1 per litre, on diesel by Rs 1.5
The increase in excise duty will fetch the government over Rs 3,200 crore during the remainder period of the fiscal.
Jan 30, 2016, 20:28 PM IST
Govt hikes excise duty on diesel by Rs 1.5 a litre, on petrol by Re 1
The government on Saturday hiked excise duty on petrol by Re 1 per litre and by Rs 1.5 a litre on diesel, the fourth increase in duties in less than six weeks.
Jan 30, 2016, 20:04 PM IST
Petrol gets cheaper by 32 paise per litre, diesel by 85 paise despite excise duty hike
After the fourth reduction in rates in six weeks, petrol in Delhi will cost Rs 59.03 per litre.
Jan 15, 2016, 22:00 PM IST
Govt hikes excise duty on diesel by Rs 2 per litre, on petrol by 75 paise
Basic excise duty on unbranded or normal petrol has been increased from Rs 7.73 to Rs 8.48 per litre and the same on unbranded diesel from Rs 7.83 to Rs 9.83 per litre.
Jan 15, 2016, 20:34 PM IST
Petrol, diesel prices to go up as govt likely to further hike excise duty
Petrol and diesel prices are set to cost more as government is likely to hike excise duty on petrol and diesel before March for boosting revenue and meet its fiscal deficit target.
Jan 08, 2016, 18:45 PM IST
Diesel gets costlier by Rs 2 per litre, petrol by 37 paise as govt hikes excise duty
On diesel, total excise duty after including special excise duty will be Rs 13.83 per litre as compared to Rs 11.83 now.
Jan 02, 2016, 16:49 PM IST
Excise duty on petrol hiked by Rs 1.6/litre, diesel by 40 paisa
The government Friday night hiked excise duty on petrol by Rs 1.60 per litre and the same on diesel by 40 paisa a litre to mop up additional revenue to meet budgetary targets.
Nov 07, 2015, 02:02 AM IST
Govt not to hike excise duty on petrol, diesel
The government had in four installments raised excise duty on petrol and diesel between November and January to take away the reduction in retail rates that was warranted from falling international oil prices.
Aug 20, 2015, 19:52 PM IST
Govt changes excise duty structure on branded diesel
The government has changed the excise duty structure on branded or premium diesel, shifting from fixed rates to a combination of ad valorem and fixed duty.
Jan 30, 2015, 18:57 PM IST
No roll-back of excise duty hike on diesel, petrol: FinMin
The government on Tuesday said it has no plans to roll-back the recent hike in excise duty on diesel and petrol.
Dec 16, 2014, 16:03 PM IST
OMC shares drop after excise duty on petrol, diesel raised
Shares of three listed state-owned oil marketing companies (OMC) fell up to 4 percent at close today, after the government raised excise duty on petrol by Rs 2.25 per litre and by Re 1 a litre on diesel.
Dec 02, 2014, 18:31 PM IST
