Excise Duty Hike
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Excise Duty On Petrol, Diesel Hiked By Rs 2/Litre, No Change In Retail Prices
The government on Monday hiked excise duty on petrol and diesel by Rs 2 per litre each, according to an official order.
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'Ask Your Government Why...': Finance Minister On State Taxes On Fuel
Opposition parties have argued that the Modi government has only marginally reduced the excise duty after having hiked them significantly in the past.
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Hike In Excise Duty, VAT On Fuel Prices "Jizyah Tax": Congress Leader
Congress leader Randeep Singh Surjewala dubbed the "rapid and repeated backbreaking increase" in the excise duty and VAT on petrol and diesel in past as "Jizyah tax" by the Narendra Modi and ML Khattar governments at the Centre and in Haryana.
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Centre Should Assure Regarding No Fuel Price Hike In Future: BSP
In a veiled attack on Centre's decision to cut down excise duty to bring down retail rates of fuel, Bahujan Samaj Party spokesperson Sudhindra Bhadoria said that Modi-led government should assure nation that there will be no fuel price hike in future
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Congress Slams Centre On "Unsustainably High" Fuel, Cooking Gas Prices
The Congress on Saturday called upon the BJP-led government to reduce excise duty to bring down the "unsustainably high fuel and cooking gas prices".
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Petrol And Diesel Prices Increased By 35 Paise; Rates Clock New High In Delhi
The perpetual hike in fuel prices is primarily attributed to the soaring rates of Brent crude oil. On Monday, Brent crude oil prices for April delivery reached $60 per barrel which is the highest in a year.
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Tax Cut By Government Can Help Says Oil Companies As Petrol, Diesel Hit New All-Time High
In the national capital, petrol is priced at an all-time high of Rs. 86.95 per litre, while diesel costs Rs. 77.13 per litre.
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Government Should Stop Profiteering From Petrol, Diesel: Rahul Gandhi
The government should stop "profiteering" from petrol and diesel, and immediately roll back price hikes as well as the excise duty imposed on the fuels, Congress leader Rahul Gandhi said on Monday.
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Coronavirus Lockdown: VAT Addition Leads To Significant Price Rise of Petrol, Diesel In Several States
Many state governments have imposed value added tax (VAT) of petrol and diesel prices which leading to an exponential increase in retail rates.
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Karnataka Hikes Excise Duty On Liquor By 11% Amid Lockdown Relaxation
The Karnataka government on Wednesday hiked the excise duty on liquor by 11 per cent to mop up revenues, two days after allowing its sale amid lockdown relaxations.
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Excise Duty Hiked On Petrol By Rs. 10 Per Litre, Diesel By Rs. 13
The Indian government on Tuesday raised the excise duty on the petrol and diesel to reap the extra revenue by not passing on gains from a slump for oil prices in the international market. According to the report from PTI, the government increased the excise duty on petrol by a record Rs. 10 per litre and Rs. 13 per litre on diesel. As per the indus...
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Excise Duty On Petrol Hiked By Rs 10 Per Litre, Diesel By Rs 13; Retail Prices Unchanged
The government on Tuesday evening hiked excise duty by a record Rs 10 per litre on petrol and Rs 13 per litre on diesel to garner Rs 1.6 lakh crore additional revenue as it repeated its time-tested formula of not passing on gains arising from a slump in international oil prices.
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Coronavirus Pandemic: Government To Increase Excise Duty on Petrol, Diesel To Increase By Up To Rs. 8 Per Litre
Notably, Rs. 8 per litre hike would be a great move for the government as it would increase its annual excise collection from the sector to Rs. 1,20,000 crore. The increase in petroleum products along with saving over $15-20 billion in oil import bill in the financial year 2021 will ensure enough boost to bring the economy back on the track after n...
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Centre Amends Law For Excise Duty Hike On Petrol, Diesel
The government today amended the law to get enabling powers to raise excise duty on petrol and diesel by Rs 8 per litre each in future.
-
Government Raises Excise Duty On Petrol, Diesel By Rs 3 Per Litre
The government on Saturday hiked excise duty on petrol and diesel by a steep Rs 3 per litre each to garner about Rs 39,000 crore additional revenue as it repeated its 2014-15 act of not passing on gains arising from slump in international oil prices.
-
Excise Duty On Petrol, Diesel Hiked By Rs 2/Litre, No Change In Retail Prices
The government on Monday hiked excise duty on petrol and diesel by Rs 2 per litre each, according to an official order.
-
'Ask Your Government Why...': Finance Minister On State Taxes On Fuel
Opposition parties have argued that the Modi government has only marginally reduced the excise duty after having hiked them significantly in the past.
-
Hike In Excise Duty, VAT On Fuel Prices "Jizyah Tax": Congress Leader
Congress leader Randeep Singh Surjewala dubbed the "rapid and repeated backbreaking increase" in the excise duty and VAT on petrol and diesel in past as "Jizyah tax" by the Narendra Modi and ML Khattar governments at the Centre and in Haryana.
-
Centre Should Assure Regarding No Fuel Price Hike In Future: BSP
In a veiled attack on Centre's decision to cut down excise duty to bring down retail rates of fuel, Bahujan Samaj Party spokesperson Sudhindra Bhadoria said that Modi-led government should assure nation that there will be no fuel price hike in future
-
Congress Slams Centre On "Unsustainably High" Fuel, Cooking Gas Prices
The Congress on Saturday called upon the BJP-led government to reduce excise duty to bring down the "unsustainably high fuel and cooking gas prices".
-
Petrol And Diesel Prices Increased By 35 Paise; Rates Clock New High In Delhi
The perpetual hike in fuel prices is primarily attributed to the soaring rates of Brent crude oil. On Monday, Brent crude oil prices for April delivery reached $60 per barrel which is the highest in a year.
-
Tax Cut By Government Can Help Says Oil Companies As Petrol, Diesel Hit New All-Time High
In the national capital, petrol is priced at an all-time high of Rs. 86.95 per litre, while diesel costs Rs. 77.13 per litre.
-
Government Should Stop Profiteering From Petrol, Diesel: Rahul Gandhi
The government should stop "profiteering" from petrol and diesel, and immediately roll back price hikes as well as the excise duty imposed on the fuels, Congress leader Rahul Gandhi said on Monday.
-
Coronavirus Lockdown: VAT Addition Leads To Significant Price Rise of Petrol, Diesel In Several States
Many state governments have imposed value added tax (VAT) of petrol and diesel prices which leading to an exponential increase in retail rates.
-
Karnataka Hikes Excise Duty On Liquor By 11% Amid Lockdown Relaxation
The Karnataka government on Wednesday hiked the excise duty on liquor by 11 per cent to mop up revenues, two days after allowing its sale amid lockdown relaxations.
-
Excise Duty Hiked On Petrol By Rs. 10 Per Litre, Diesel By Rs. 13
The Indian government on Tuesday raised the excise duty on the petrol and diesel to reap the extra revenue by not passing on gains from a slump for oil prices in the international market. According to the report from PTI, the government increased the excise duty on petrol by a record Rs. 10 per litre and Rs. 13 per litre on diesel. As per the indus...
-
Excise Duty On Petrol Hiked By Rs 10 Per Litre, Diesel By Rs 13; Retail Prices Unchanged
The government on Tuesday evening hiked excise duty by a record Rs 10 per litre on petrol and Rs 13 per litre on diesel to garner Rs 1.6 lakh crore additional revenue as it repeated its time-tested formula of not passing on gains arising from a slump in international oil prices.
-
Coronavirus Pandemic: Government To Increase Excise Duty on Petrol, Diesel To Increase By Up To Rs. 8 Per Litre
Notably, Rs. 8 per litre hike would be a great move for the government as it would increase its annual excise collection from the sector to Rs. 1,20,000 crore. The increase in petroleum products along with saving over $15-20 billion in oil import bill in the financial year 2021 will ensure enough boost to bring the economy back on the track after n...
-
Centre Amends Law For Excise Duty Hike On Petrol, Diesel
The government today amended the law to get enabling powers to raise excise duty on petrol and diesel by Rs 8 per litre each in future.
-
Government Raises Excise Duty On Petrol, Diesel By Rs 3 Per Litre
The government on Saturday hiked excise duty on petrol and diesel by a steep Rs 3 per litre each to garner about Rs 39,000 crore additional revenue as it repeated its 2014-15 act of not passing on gains arising from slump in international oil prices.
