No Scope For Further Excise Duty Cuts On Petrol, Diesel Prices: Source

The government had cut excise duty on the two fuels by Rs 2 a litre each last week but it did not result in lower retail prices as new taxes were added.

 Share
EMAIL
PRINT
COMMENTS
No Scope For Further Excise Duty Cuts On Petrol, Diesel Prices: Source

The country has the highest retail prices of petrol and diesel among South Asian nations.


New Delhi: The government has no immediate plan to further cut excise duty on petrol and diesel due to its tight fiscal situation, a finance ministry source said on Tuesday.

The government had cut excise duty on the two fuels by Rs 2 a litre each last week while presenting the budget, but it did not result in lower retail prices as new taxes were added.

The country has the highest retail prices of petrol and diesel among South Asian nations as taxes account for about up to 50 per cent of the pump prices.
© Thomson Reuters 2018


Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................