Petrol

Government Eases Fuel Burden, Cuts Excise Duty on Petrol and Eliminates It on Diesel
27 Mar

Government Eases Fuel Burden, Cuts Excise Duty on Petrol and Eliminates It on Diesel

Gurpreet Singh0 CommentsIndia, Trending
New Delhi (Gurpreet Singh): In a significant step aimed at softening the impact of rising global oil prices, the Centre has announced a steep reduction in excise duties on petrol and diesel across India. Under the revised structure, excise duty on petrol has been reduced to ₹3 per litre from ₹13, while diesel will now attract no central excise duty, down from ₹10 per litre. The move is expected to bring down retail fuel prices and offer relief to consumers grappling with inflation. The decision comes at a time when international energy markets remain under pressure due to ongoing geopolitical…
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Govt Raises Excise Duty on Petrol, Diesel by Rs 2; Retail Prices Unchanged
07 Apr

Govt Raises Excise Duty on Petrol, Diesel by Rs 2; Retail Prices Unchanged

Rajeev Sharma0 CommentsIndia,
New Delhi (National Times): In a notable fiscal move, the central government has increased the excise duty on petrol and diesel by Rs 2 per litre each, even as global crude prices hit a four-year low. The hike comes at a time when Brent crude oil has dipped below $55 per barrel, driven by a slowdown in global demand and oversupply concerns. According to a notification issued by the Department of Revenue, Ministry of Finance, the revised excise rates will come into effect from April 8, 2025. Despite the duty increase, the retail prices of petrol and diesel will remain…
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