No cut in excise duty on petrol, diesel; tweak in rates to accommodate agri cess

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No cut in excise duty on petrol, diesel; tweak in rates to accommodate agri cess
PTI
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Synopsis

Besides the tweak, the Budget proposed monetisation of oil and gas pipelines of gas utility GAIL and oil refiners Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL).

Reuters
Sitharaman in the Budget imposed a Rs 2.5 per litre agri cess on petrol and Rs 4 a litre on diesel. But this was offset by an equivalent reduction in excise duty.

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1 Comment on this Story

Nuraj Bakshi8 minutes ago
Now stupid people who became ultimate jokers by voting Modi and company need to decide if they can live nicely with 100-150 rupees a litre petrol
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