Excise Duty On Fuel
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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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Cut Excise Duty on Fuel, Boost Consumption: Industry Body To N Sitharaman
With the Union Budget 2025-26 slated for February 1, the Confederation of Indian Industry (CII) has demanded a slew of measures from the Finance Ministry, urging that the focus should be on boosting consumption, upping the daily minimum wage.
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Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
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Why No Mention Of Fuel Tax Cut In Budget? Revenue Secretary Explains
Finance Minister Nirmala Sitharaman did not announce a cut in excise duty on petrol and diesel while presenting the interim Budget in Parliament yesterday.
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Fuel Price Cut Unlikely, Top Official Says Crude Prices Have "Softened"
There's no reason to lower excise duty on petroleum products, Revenue Secretary Sanjay Malhotra told NDTV today, explaining that it was already done twice when crude prices were at their peak.
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These States Have Further Reduced Petrol, Diesel Prices After Centre's Excise Duty Cut
Following the reduction of central excise duty a few states have now additionally announced a reduction of VAT (Value Added Tax) on petrol and diesel, namely Maharashtra, Kerala, and Rajasthan.
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Maharashtra Cuts VAT On Petrol, Diesel Post Centre's Excise Duty Reduction
Just a day after central government announced reduction in excise duty on petrol and diesel, Maharashtra government has gone on to reduce VAT on petrol by Rs. 2.08 and on diesel by Rs. 1.44.
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On Fuel Price Cut, Nirmala Sitharaman's Before-2014-And-After Comparison
Ms Sitharaman, in a series of tweets, explained that the excise duty component that has been slased not shareable by the state and the Centre bears the full cost.
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"I Stand Corrected": Congress's P Chidambaram On Fuel Price Cut
Fuel Prices Cut: Senior Congress leader P Chidambaram today said whether the states can afford to give up revenue from VAT on petrol and diesel unless the Centre devolves more funds or gives them more grants.
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Rajasthan Cuts State Tax On Petrol By Rs 2.48, Diesel By Rs 1.16
The Rajasthan government on Saturday reduced value-added tax (VAT) on petrol by Rs 2.48 per litre and diesel by Rs 1.16 per litre, following the reduction of excise duty by the Centre.
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Petrol And Diesel Price In Delhi, Mumbai And Other Cities After Excise Cut
Fuel prices came down today, a day after the central government cut the excise duty on petrol and diesel. Finance Minister Nirmala Sitharaman yesterday announced a record cut of Rs 8 per litre of petrol and Rs 6 per litre on diesel.
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"Jugglery Of Figures": Congress Attack On Fuel Prices Cut
The Congress on Saturday accused Finance Minister Nirmala Sitharaman of "befooling'' people after she announced an excise duty cut on petrol and diesel and said people needed relief instead of jugglery of figures.
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"In 60 Days...": As Centre Cuts Fuel Prices, Congress Does The Math
The Finance Minister, while announcing the big move, had also exhorted states to implement a similar cut and pass on the benefit to the common man.
-
Centre Slashes Excise Duty On Petrol By Rs. 8 And Diesel By Rs. 6
In a bid to reduce the rising fuel prices, the central government has cut down the central excise duty on petrol by Rs. 8 and diesel by Rs. 6 per litre.
-
Fuel Price Cut To LPG Subsidy: 5 Announcements Made By Nirmala Sitharaman
Finance Minister Nirmala Sitharaman made several announcements today, including a sharp cut in central excise duty on fuel prices. The announcements come as retail inflation surged to an eight-year high in April, driven by rising fuel and food 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.
-
Cut Excise Duty on Fuel, Boost Consumption: Industry Body To N Sitharaman
With the Union Budget 2025-26 slated for February 1, the Confederation of Indian Industry (CII) has demanded a slew of measures from the Finance Ministry, urging that the focus should be on boosting consumption, upping the daily minimum wage.
-
Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
-
Why No Mention Of Fuel Tax Cut In Budget? Revenue Secretary Explains
Finance Minister Nirmala Sitharaman did not announce a cut in excise duty on petrol and diesel while presenting the interim Budget in Parliament yesterday.
-
Fuel Price Cut Unlikely, Top Official Says Crude Prices Have "Softened"
There's no reason to lower excise duty on petroleum products, Revenue Secretary Sanjay Malhotra told NDTV today, explaining that it was already done twice when crude prices were at their peak.
-
These States Have Further Reduced Petrol, Diesel Prices After Centre's Excise Duty Cut
Following the reduction of central excise duty a few states have now additionally announced a reduction of VAT (Value Added Tax) on petrol and diesel, namely Maharashtra, Kerala, and Rajasthan.
-
Maharashtra Cuts VAT On Petrol, Diesel Post Centre's Excise Duty Reduction
Just a day after central government announced reduction in excise duty on petrol and diesel, Maharashtra government has gone on to reduce VAT on petrol by Rs. 2.08 and on diesel by Rs. 1.44.
-
On Fuel Price Cut, Nirmala Sitharaman's Before-2014-And-After Comparison
Ms Sitharaman, in a series of tweets, explained that the excise duty component that has been slased not shareable by the state and the Centre bears the full cost.
-
"I Stand Corrected": Congress's P Chidambaram On Fuel Price Cut
Fuel Prices Cut: Senior Congress leader P Chidambaram today said whether the states can afford to give up revenue from VAT on petrol and diesel unless the Centre devolves more funds or gives them more grants.
-
Rajasthan Cuts State Tax On Petrol By Rs 2.48, Diesel By Rs 1.16
The Rajasthan government on Saturday reduced value-added tax (VAT) on petrol by Rs 2.48 per litre and diesel by Rs 1.16 per litre, following the reduction of excise duty by the Centre.
-
Petrol And Diesel Price In Delhi, Mumbai And Other Cities After Excise Cut
Fuel prices came down today, a day after the central government cut the excise duty on petrol and diesel. Finance Minister Nirmala Sitharaman yesterday announced a record cut of Rs 8 per litre of petrol and Rs 6 per litre on diesel.
-
"Jugglery Of Figures": Congress Attack On Fuel Prices Cut
The Congress on Saturday accused Finance Minister Nirmala Sitharaman of "befooling'' people after she announced an excise duty cut on petrol and diesel and said people needed relief instead of jugglery of figures.
-
"In 60 Days...": As Centre Cuts Fuel Prices, Congress Does The Math
The Finance Minister, while announcing the big move, had also exhorted states to implement a similar cut and pass on the benefit to the common man.
-
Centre Slashes Excise Duty On Petrol By Rs. 8 And Diesel By Rs. 6
In a bid to reduce the rising fuel prices, the central government has cut down the central excise duty on petrol by Rs. 8 and diesel by Rs. 6 per litre.
-
Fuel Price Cut To LPG Subsidy: 5 Announcements Made By Nirmala Sitharaman
Finance Minister Nirmala Sitharaman made several announcements today, including a sharp cut in central excise duty on fuel prices. The announcements come as retail inflation surged to an eight-year high in April, driven by rising fuel and food prices
