OMC shares hit by agri cess on fuel; fineprint shows zero impact

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OMC shares hit by agri cess on fuel; fineprint shows zero impact
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Synopsis

“This is madness! Farm cess of Rs 2.5 per litre on Petrol Rs 4 per litre on diesel and people thought no increase in taxes…,” said Sandip Sabharwal, an independent market analyst.

Agencies
The government plans to slap agricultural cess on petrol at Rs 2.5 per litre and on diesel at Rs 4 per litre.

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