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Petrol excise duty News

Excise duty on petrol

22 May 2022

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.

Excise duty on petrol

22 May 2022

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.

07 Nov 2021

Tax on petrol down to nearly 50%, check how much one-litre fuel will cost you

So far, 24 states and Union Territories have reduced the VAT rates in different proportions. Punjab state government is the latest to reduce VAT on petrol and diesel.

Petrol price hike

05 May 2020

Road cess, excise duty hiked on petrol, diesel but no impact on retail prices

The Centre on Tuesday night hiked the road cess and excise duty on petrol and diesel but assured that there will be no impact on the retail prices. The government increased the excise duties by Rs 10 per litre on petrol and Rs 13 per litre on diesel.

14 Mar 2020

Govt hikes excise duty on petrol and diesel by Rs 3 per litre

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.

fuel excise duty

10 Sep 2018

Govt rules out excise duty cut as petrol, diesel prices hit fresh high

Almost half of the fuel price is made up of taxes.

03 Jun 2016

Oil minister downplays cut in excise duty on petrol, diesel

With petrol and diesel prices rising by Rs 9-10 per litre since March, Oil Minister Dharmendra Pradhan on Friday downplayed possibility of an excise duty reduction to give relief to consumers saying there should not be any knee-jerk reaction.

08 May 2015

Excise collection on petrol, diesel up 50% at Rs 74.5K cr

Excise duty collection on petrol and diesel jumped over 50 percent in 2014-15 to Rs 74,465 crore as the government on multiple occasions raised tax rates to shore up its revenues.

Diesel Excise Duty

16 Jan 2015

Government raises excise duty on petrol, diesel by Rs 2/litre

This is the fourth since Prime Minister Narendra Modi lifted diesel price controls in October.

01 Jan 2015

Excise duty on petrol, diesel hiked; no change in retail price

The oil firms had yesterday skipped cutting rates of the two fuels that had become necessary as international oil rates plunged to their lowest level since May 2009.

01 Jan 2015

Govt raises excise duty on petrol, diesel by Rs 2 per litre

The government on Thursday hiked the excise duty on petrol and diesel by Rs 2 per litre.

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