Excise duty on petrol hiked by Rs 10, diesel by Rs 13 ...Middle East

The government on Tuesday evening hiked excise duty by a record Rs 10 per litre on petrol and Rs 13 per litre on diesel to garner Rs 1.6 lakh crore additional revenue as it repeated its time-tested formula of not passing on gains arising from a slump in international oil prices. Government sources said the Centre has taken this step of increasing duty to raise some revenue in view of a tight fiscal situation.

Hence then, the article about excise duty on petrol hiked by rs 10 diesel by rs 13 was published today ( Wednesday 06/05/2020 - 12:30 AM ) and is available on The Times of India ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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