Fuel price cut: Nirmala Sitharaman rebuts Opposition flak, says move does not impact states' tax share
2 years, 7 months ago

Fuel price cut: Nirmala Sitharaman rebuts Opposition flak, says move does not impact states' tax share

Firstpost  

This comes after former Union finance minister P Chidambaram and other Opposition leaders stated that the reduction in excise duty announced on Saturday evening would reduce the share of states in Central taxes New Delhi: Finance Minister Nirmala Sitharaman on Sunday rebutted the Opposition’s criticism of excise duty cut impacting share of states in central taxes, saying the Rs 8 a litre cut in petrol and Rs 6 reduction in diesel have been done in road and infrastructure cess levied on the two fuels, collection on which was never shared with states. First, former Union finance minister P Chidambaram and then other Opposition leaders stated that the reduction in excise duty announced on Saturday evening would reduce the share of states in Central taxes. While total incidence of Central tax on petrol prior to Saturday’s cut was Rs 27.90 per litre, basic excise duty was only Rs 1.40 a litre. Petrol commanded Rs 13 a litre additional excise duty in form of RIC and Rs 8 of such tax was levied on per litre of diesel.

Tax States Duty Share Central Centre Sitharaman Petrol Saturday Evening Diesel Excise Litre Reduction Central Taxes P Chidambaram Saed Only Rs Excise Duty Rs 8 Cut Nirmala Basic Excise Duty  rebuts  diesel  tax  petrol  sitharaman  share  duty  centre  cut  nirmala  rs  impact  opposition  fuel  litre  states  excise  price  reduction

History of this topic

Govt scraps windfall tax on domestic crude, petrol and diesel exports
Trending News
3 weeks, 1 day ago

Govt scraps windfall tax on domestic crude, petrol and diesel exports

Hindustan Times  

NEW DELHI: The government on Monday withdrew windfall tax on domestically-produced crude oil and exports of petrol, diesel and aviation turbine fuel, relenting to the industry demand after international oil prices plunged. A technician opens a pressure gas valve inside the Oil and Natural Gas Corp group gathering station on the outskirts of the western Indian city of Ahmedabad The …

Tax gap: Vehicles from Karnataka cross Goa border every evening to tank up
6 months ago

Tax gap: Vehicles from Karnataka cross Goa border every evening to tank up

New Indian Express  

KARWAR: Tanking up in Goa holds multiple meanings these days. As the sun sets, vehicles from Karnataka appear to form a queue to cross the checkpost in Karwar and enter Goa. With the Karnataka government raising sales tax on petrol and diesel, vehicle users from Karwar are making a beeline to petrol pumps close to the border, where petrol costs …

CM Siddaramaiah defends hike in petrol and diesel prices
6 months, 1 week ago

CM Siddaramaiah defends hike in petrol and diesel prices

Deccan Chronicle  

Bengaluru: Karnataka Chief Minister Siddaramaiah on Sunday defended the hike in petrol and diesel prices saying that it will ensure funding essential public services and development projects. With the opposition BJP and its ally JD coming down heavily on the Congress government for increasing the petrol and diesel prices by Rs 3 and Rs 3.5 per litre respectively, Siddaramaiah said …

Karnataka BJP Criticizes Congress for Petrol and Diesel Price Hike
6 months, 1 week ago

Karnataka BJP Criticizes Congress for Petrol and Diesel Price Hike

Deccan Chronicle  

Mangaluru: BJP leaders have strongly criticized the Congress government in Karnataka for its recent decision to increase petrol and diesel prices in the state. "The Congress government in the state has bankrupted the treasury by implementing unscientific guarantee schemes and has now betrayed the people by increasing the prices of petrol and diesel," Bommai asserted on X. BJP Mangaluru Vibhag …

Petrol Becomes Costlier By Rs 3 Per Litre In Karnataka As State Govt Hikes Taxes
6 months, 1 week ago

Petrol Becomes Costlier By Rs 3 Per Litre In Karnataka As State Govt Hikes Taxes

ABP News  

Petrol prices in Karnataka surged by Rs 3 per litre after the state government increased tax on petrol and diesel. According to the Petroleum Dealers Association, petrol and diesel prices are likely to go up by Rs 3 and Rs 3.05 approximately in Karnataka pic.twitter.com/rJDinVT6SK — ANI June 15, 2024 As per the Akhila Karnataka Petroleum Dealers Association, the cost …

Karnataka hikes petrol and diesel prices by ₹3 per litre. Check new rate, other details
6 months, 1 week ago

Karnataka hikes petrol and diesel prices by ₹3 per litre. Check new rate, other details

Live Mint  

Petrol and diesel prices are likely to go up by ₹3 and ₹3.05 approximately in Karnataka as the state government decided to increase taxes on June 15, according to the Petroleum Dealers Association {{^adFree}} {{/adFree}} According to the notification, the sales tax on petrol has been increased from 25.92 percent to 29.84 percent, while the tax on diesel has risen …

Karnataka: Petrol, diesel prices likely to go up as state govt revises sales tax; BJP reacts
6 months, 1 week ago

Karnataka: Petrol, diesel prices likely to go up as state govt revises sales tax; BJP reacts

India TV News  

The petrol and diesel prices are likely to go up in Karnataka as the Congress-led state government revised sales tax by 29.84 per cent and 18.44 per cent. In a notification issued by the Finance Department, the government has hiked sales tax on petrol by 3.92 percentage points, from 25.92 to 29.84 per cent. BJP reacts BJP spokesperson Shehzad Poonawalla …

Petrol and diesel prices reduced by ₹2 per litre ahead of Lok Sabha elections
9 months, 1 week ago

Petrol and diesel prices reduced by ₹2 per litre ahead of Lok Sabha elections

Hindustan Times  

Petrol and diesel prices are being reduced by ₹2 per litre, Union petroleum minister Hardeep Singh Puri announced on Thursday. “By slashing petrol and diesel prices by ₹2, prime minister Narendra Modi has once again shown that providing welfare and convenience to his family of crores of Indians, has always been his goal,” Puri wrote in a post on X. …

Petrol and diesel prices on April 10. Check prices in your city
1 year, 8 months ago

Petrol and diesel prices on April 10. Check prices in your city

Hindustan Times  

The cost of petrol and diesel in India remained stagnant on Monday, continuing a ten-month trend of price stability. Prices were last revised in May 2022 after the Finance minister Nirmala Sitharaman announced to slash the excise duty on petrol and diesel by ₹8 per litre and ₹6 per litre, respectively. The government controls the fuel prices through excise duty, …

Petrol Prices Above Rs 100 In Mumbai, Kolkata, Chennai; Check Today's Fuel Rates Here
2 years ago

Petrol Prices Above Rs 100 In Mumbai, Kolkata, Chennai; Check Today's Fuel Rates Here

News 18  

Fuel prices in the major cities of India remained unchanged for yet another day despite the ongoing fall in crude oil prices in the international market. In New Delhi, a litre of petrol costs Rs 96.72, whereas diesel is being sold at Rs 89.62 per litre. 96.72 per litre Diesel: Rs. 87.89 per litre Lucknow Petrol: Rs.Rs 96.57 per litre …

Centre hikes tax on windfall profit on crude oil, export of diesel, jet fuel
2 years, 2 months ago

Centre hikes tax on windfall profit on crude oil, export of diesel, jet fuel

Hindustan Times  

The government on Saturday hiked windfall tax on domestically produced crude oil by more than a third while doubling the rate on export of diesel and re-introducing the levy on overseas shipment of jet fuel in line with rise in international oil prices. Centre hikes tax on windfall profit on crude oil, export of diesel, jet fuel The tax on …

Govt Defers Additional Rs 2 Excise Duty On Petrol, Diesel; FinMin Issues Notification
2 years, 2 months ago

Govt Defers Additional Rs 2 Excise Duty On Petrol, Diesel; FinMin Issues Notification

News 18  

The government has delayed the levy of a Rs 2 excise duty on unblended petrol by one month to November 1, and on unblended diesel by 6 months to April 1 next year, according to a notification by the finance ministry. According to the Gazette notification issued late on Friday, the finance ministry said “petrol which is intended for retail …

Government defers plan to impose excise duty on unblended petrol and diesel
2 years, 2 months ago

Government defers plan to impose excise duty on unblended petrol and diesel

The Hindu  

The government has deferred the plan announced in the Union Budget to impose an excise duty of ₹2 on unblended petrol and diesel from October 1, 2022. To encourage the efforts for blending of fuel, unblended fuel shall attract an additional differential excise duty of ₹2 per litre from the 1st day of October 2022," Ms. Sitharaman had stated in …

Govt. hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil
2 years, 3 months ago

Govt. hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

The Hindu  

The government has hiked the windfall profit tax on the export of diesel to ₹13.5 per litre and on jet fuel exports to ₹9 a litre, besides raising the levy on domestically-produced crude oil in line with the hardening of global prices. At the fourth fortnightly review, the government raised the windfall profit tax on the export of diesel to …

Petrol, Diesel Price Today Below Rs 100 Delhi; Check Fuel Rates in Mumbai, Other Cities
2 years, 4 months ago

Petrol, Diesel Price Today Below Rs 100 Delhi; Check Fuel Rates in Mumbai, Other Cities

News 18  

Petrol and diesel rates in the major cities of India have remained unchanged for three months now on August 22. 5 per litre and on diesel by Rs. In Kolkata, the rate of petrol per litre is Rs. 106.03 while that of diesel, per litre, stands at Rs. Check the fuel rates in different cities on August 22, here: Delhi …

Centre slashes windfall tax on fuel: Reliance Industries shares climb over 4%, ONGC jumps 7%
2 years, 5 months ago

Centre slashes windfall tax on fuel: Reliance Industries shares climb over 4%, ONGC jumps 7%

Firstpost  

The government on Wednesday slashed the windfall tax on petrol, diesel, jet fuel and crude oil following a decline in international rates. It scrapped Rs 6 a litre tax on export of petrol and reduced the same on ATF from Rs 6 a litre to Rs 4 New Delhi: Shares of firms related to oil exploration and refineries were in …

Petrol, diesel price relief
2 years, 5 months ago

Petrol, diesel price relief

Hindustan Times  

One litre of petrol was available at ₹106.31 while a litre of diesel was priced at ₹94.27 a litre, on Friday, the day after the Maharashtra government reduced Value Added Tax on petrol and diesel. Prices of petrol and diesel per litre have reduced by ₹ 5.04 and ₹ 3.01 in Mumbai. Maharashtra chief minister Eknath Shinde on Thursday announced …

Maharashtra to cut petrol prices by ₹5/ litre and diesel prices by ₹3/litre
2 years, 5 months ago

Maharashtra to cut petrol prices by ₹5/ litre and diesel prices by ₹3/litre

Hindustan Times  

Maharashtra chief minister Eknath Shinde on Thursday announced that the state government had decided to cut value added tax on petrol prices by ₹5 per litre and diesel by ₹3 per litre. Happy to announce that new Government under CM Eknathrao Shinde has decided to reduce Petrol & Diesel prices by ₹5/litre & ₹3/litre respectively,” Fadnavis later tweeted. “A decision …

Government will review new export taxes levied on crude, diesel and ATF every fortnight: Nirmala Sitharaman
2 years, 5 months ago

Government will review new export taxes levied on crude, diesel and ATF every fortnight: Nirmala Sitharaman

Firstpost  

Union Finance Minister Nirmala Sitharaman said that the government does not want to discourage export, but wants domestic availability to increase New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said the government will review every fortnight the new taxes levied on crude, diesel and ATF based on international prices. “We do not want to discourage export, but want domestic …

Govt to review new taxes levied on crude, diesel, ATF every fortnight, says Nirmala Sitharaman
2 years, 5 months ago

Govt to review new taxes levied on crude, diesel, ATF every fortnight, says Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Friday said the government will review every fortnight the new taxes levied on crude, diesel and ATF based on international prices. "We do not want to discourage export, but want domestic availability to increase," Ms. Sitharaman told reporters in New Delhi. The government on Friday slapped an export tax on petrol, diesel and jet fuel …

Government imposes Rs 6 per litre export tax on petrol, ATF; Rs 13 a litre on diesel
2 years, 5 months ago

Government imposes Rs 6 per litre export tax on petrol, ATF; Rs 13 a litre on diesel

Firstpost  

New Delhi: The government on Friday slapped an export tax on petrol, diesel and jet fuel shipped overseas by firms like Reliance Industries Ltd, and imposed a windfall tax on crude oil produced locally by companies such as ONGC and Vedanta Ltd. The government imposed a Rs 6 per litre tax on export of petrol and ATF and Rs 13 …

Petrol, Diesel Become Cheaper After Centre Slashes Excise Duty; Check Fuel Prices Today
2 years, 6 months ago

Petrol, Diesel Become Cheaper After Centre Slashes Excise Duty; Check Fuel Prices Today

News 18  

Petrol, Diesel Prices on Tuesday: Fuel prices continue their steady streak for the 24th day in a row on Tuesday, June 13. Prices of petrol and diesel have remained steady since the central government announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel earlier in May. The Kerala government …

Petrol, Diesel Become Cheaper After Centre Slashes Excise Duty; Check Fuel Prices Today
2 years, 6 months ago

Petrol, Diesel Become Cheaper After Centre Slashes Excise Duty; Check Fuel Prices Today

News 18  

Petrol, Diesel Prices on Thursday: The prices of petrol and diesel were kept unchanged by the OMCs for the eighteenth day straight on Thursday. In Chennai, the petrol price is Rs 102.63 per litre, while diesel retail price stands at Rs 94.24 per litre in the capital city of Tamil Nadu. After the Centre relaxed the Excise Duty on fuel …

Petrol, Diesel Prices Drop Steeply After Centre Cuts Excise Duty; See Fuel Prices Today
2 years, 6 months ago

Petrol, Diesel Prices Drop Steeply After Centre Cuts Excise Duty; See Fuel Prices Today

News 18  

Petrol, Diesel Price Cut: Petrol price on Sunday, June 5, remained constant for two weeks while diesel price on the day also remained unchanged. Finance minister Nirmala Sitharaman had announced an excise duty cut on petrol and diesel by a record Rs 8 per litre and on diesel by Rs 6 per litre respectively last month as fuel rates hit …

Petrol, Diesel Become Cheaper Post Excise Duty Cut; Check City-wise Fuel Rates Today
2 years, 6 months ago

Petrol, Diesel Become Cheaper Post Excise Duty Cut; Check City-wise Fuel Rates Today

News 18  

Petrol, Diesel Prices on June 1: The prices of petrol and diesel were kept unchanged by the OMCs for the tenth day running on Wednesday. The sharp fall in prices was seen after, finance minister Nirmala Sitharaman had announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel earlier this month. …

Traders stop buying petrol in protest over excise cut
2 years, 6 months ago

Traders stop buying petrol in protest over excise cut

Deccan Chronicle  

Vijayawada: Dissatisfied with the Centre’s recent decision to cut excise duty on fuels, petroleum traders in Andhra Pradesh suspended procurement of stocks from state-owned companies, between 8 am and 6 pm on Tuesday. Traders said that the dealer’s margin at present is insufficient to meet operational costs of fuel stations, with employees demanding salary hikes, increasing power tariffs and costs …

Data Point | Explaining India’s recent fuel tax cuts
2 years, 6 months ago

Data Point | Explaining India’s recent fuel tax cuts

The Hindu  

It’s a relief that the Union government has cut the fuel tax. A look at the developments that preceded the recent excise duty cuts: After weeks of incremental increases in fuel prices, Union Finance Minister Nirmala Sitharaman announced that the Union government is slashing fuel taxes. Her point was that the cut of Rs 8 per litre came from the …

Petrol, Diesel Prices Drop in Delhi, Mumbai Post Excise Duty Cut; Check Rates In Your City Today
2 years, 6 months ago

Petrol, Diesel Prices Drop in Delhi, Mumbai Post Excise Duty Cut; Check Rates In Your City Today

News 18  

Petrol, Diesel Prices Monday: Oil marketing companies have kept the prices of petrol and diesel unchanged on Monday, May 30, 2022. In Kolkata, the petrol price has been reduced to Rs 106.03 per litre after the excise duty cut, while the price of diesel now stands at Rs 92.76 per litre. The central government on May 21 cut excise duty …

Petrol, Diesel Become Cheaper After Centre Slashes Excise Duty. Know Fuel Rates Today
2 years, 6 months ago

Petrol, Diesel Become Cheaper After Centre Slashes Excise Duty. Know Fuel Rates Today

News 18  

Petrol, Diesel Prices on Friday: Petrol, and diesel prices have remained unchanged on Friday, May 27. The cheapest petrol in Port Blair is Rs 84.10 and diesel is Rs 79.74 a litre. The rates of Petrol and, Diesel have seen a sharp reduction after last week finance minister Nirmala Sitharaman announced a cut in excise duty on petrol by 8 …

Fuel Prices Drop After Excise Duty Cut; Check Petrol, Diesel Price in Your City Today
2 years, 6 months ago

Fuel Prices Drop After Excise Duty Cut; Check Petrol, Diesel Price in Your City Today

News 18  

Petrol, Diesel Prices on Wednesday: Third day in a row the prices of petrol, and diesel were kept unchanged on Wednesday after the finance minister Nirmala Sitharaman announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel on Saturday. Following the central govwenment’s announcement on excise duty cut, the Kerala government …

Inflation May Cool Down By This Much Following Petrol, Diesel Excise Duty Cut; Know Details
2 years, 7 months ago

Inflation May Cool Down By This Much Following Petrol, Diesel Excise Duty Cut; Know Details

News 18  

Inflation, which is currently hovering at an eight-year high of around 7.79 per cent, may cool down going forward due to the lowering of petrol and diesel prices following an excise duty cut by the Centre. Prices are still high and instead of inflation of close to 30 per cent for petrol, it will be around 20 per cent,” according …

Petrol, Diesel Prices Drop After Excise Duty Cut: Know How Much Tax You Pay On Fuel Now
2 years, 7 months ago

Petrol, Diesel Prices Drop After Excise Duty Cut: Know How Much Tax You Pay On Fuel Now

News 18  

Though the Centre has cut the excise duty on petrol and diesel thus bringing down the retail prices of the fuels, states, except a few, have not yet followed the suit. Here’s the full break-up of taxes one pays on petrol and diesel: Following the excise duty cut, the price of petrol in Delhi on Tuesday stood at Rs 96.72 …

Petrol, Diesel Duty Cut: Govt May Need To Bridge Revenue Loss Fully Via Market Borrowings
2 years, 7 months ago

Petrol, Diesel Duty Cut: Govt May Need To Bridge Revenue Loss Fully Via Market Borrowings

News 18  

After the Centre cut excise duty on petrol and diesel reducing the fuel retail prices, the government may borrow the entire Rs 1 lakh crore that it will forgo as revenues due to the reduction in levies, according to a report. The government has cut excise duty on petrol by Rs 8 per litre and that on diesel by Rs …

Data | Will a cut in Centre’s excise duty on petrol reduce States’ sales tax revenue?
2 years, 7 months ago

Data | Will a cut in Centre’s excise duty on petrol reduce States’ sales tax revenue?

The Hindu  

A war of words has broken out between the Centre and the States regarding the Centre’s excise duty cut and its impact on the tax revenue of the States. Ad-valorem basis means that a State’s sales tax is based on the sum of the Centre’s excise duty, the base price of petrol and the dealer’s commission. Click to remove AMP …

Petroleum dealers demand restoration of ‘dynamic pricing’ system for fuels
2 years, 7 months ago

Petroleum dealers demand restoration of ‘dynamic pricing’ system for fuels

Deccan Chronicle  

Vijayawada: Upping their ante against the Centre for causing a huge loss to them –“nearly Rs 2,000 crore” nation-wide due to the sudden reduction in prices of petrol and diesel, petroleum dealers have sought restoration of the ‘dynamic pricing’ mechanism. The dealers allege that the Centre stopped implementing the dynamic pricing system for fuels for over two months and is …

Petrol, Diesel Become Cheaper after Centre's Excise Duty Cut; Check Fuel Rates Today
2 years, 7 months ago

Petrol, Diesel Become Cheaper after Centre's Excise Duty Cut; Check Fuel Rates Today

News 18  

Petrol, Diesel Prices on Tuesday: The prices of petrol and diesel have remained unchanged on Tuesday after Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel on Saturday. The central government slashed central excise duty on petrol by Rs 8 per litre and on diesel by …

Telangana BJP criticises state govt over VAT on fuel, pours liquor on CM KCR's poster
2 years, 7 months ago

Telangana BJP criticises state govt over VAT on fuel, pours liquor on CM KCR's poster

India Today  

Hailing Prime Minister Narendra Modi-led Centre's decision to reduce excise duty on fuel, the Bhartiya Janata Party leaders in Telangana's Achampet poured milk on PM's poster on Sunday. Telangana has the second-highest VAT on petrol in the country.BJP state president Bandi Sanjay Kumar also thanked PM Modi and Union Finance Minister Nirmala Sitaraman for taking a courageous decision to reduce …

Petrol, Diesel Price Today: Fuel Prices Drop Sharply Post Excise Duty Cut; Know Rates
2 years, 7 months ago

Petrol, Diesel Price Today: Fuel Prices Drop Sharply Post Excise Duty Cut; Know Rates

News 18  

Petrol, Diesel Prices Today: Fuel prices remained unchanged on Monday. Finance minister Nirmala Sitharaman had announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel on Saturday. So, in Mumbai, petrol is retailing at Rs 111.35 per litre after the latest excise duty cut, while diesel is being sold at …

India trims taxes on fuel, commodities to fight inflation
2 years, 7 months ago

India trims taxes on fuel, commodities to fight inflation

Al Jazeera  

The steps will lead to a drop in annual revenues due to lower collections, raising concerns on India’s fiscal deficit. Finance Minister Nirmala Sitharaman announced on Saturday a cut in excise duty on petrol by 8 rupees per litre and 6 rupees per litre on diesel. The new tax regime on petrol and diesel could result in the government losing …

Many States reluctant to cut fuel tax
2 years, 7 months ago

Many States reluctant to cut fuel tax

The Hindu  

The Maharashtra government pared its value added tax levies on petrol and diesel by ₹2.08 and ₹1.44 per litre respectively on Sunday, a day after criticising the Centre for offering minimal tax cuts after drastic hikes over its tenure, a sentiment echoed by most Opposition-ruled States. After announcing the excise duty cuts on petrol and diesel of ₹8 and ₹6 …

Full Burden of Fuel Excise Duty Cut Is Borne By Centre, Says FM; Compares 2014-22 With 2004-14
2 years, 7 months ago

Full Burden of Fuel Excise Duty Cut Is Borne By Centre, Says FM; Compares 2014-22 With 2004-14

News 18  

Amid the Opposition alleging the central government of slashing excise duty that is shared by states and accusing it of duping people with a “jugglery of figures”, Finance Minister Nirmala Sitharaman on Sunday said the excise duty on petrol and diesel that has been deducted is not shareable with states. SAED,RIC & AIDC are non-sharable.” The finance minister added that …

TMC leader Saket Gokhale spreads misinformation on Excise rate cuts on petrol, diesel
2 years, 7 months ago

TMC leader Saket Gokhale spreads misinformation on Excise rate cuts on petrol, diesel

Op India  

On Sunday, Trinamool Congress leader Saket Gokhale took to Twitter to attack Finance Minister Nirmala Sitharaman on the cental government’s recent decision to reduce excise duty on petrol and diesel. According to Saket Gokhale, the states’ share 42 per cent of the fuel excise duty, and after yesterday’s cut, the states have to forego Rs.2.52/litre on petrol and Rs. However, …

Uttar Pradesh, other States should slash VAT on petrol, diesel: BSP chief Mayawati
2 years, 7 months ago

Uttar Pradesh, other States should slash VAT on petrol, diesel: BSP chief Mayawati

The Hindu  

With the Centre slashing the excise duty on petrol and diesel, Bahujan Samaj Party chief Mayawati on May 22 said it was the duty of not only Uttar Pradesh but also of other States to immediately announce a cut in VAT on fuel. Petrol price on May 22 was slashed by ₹8.69 a litre and that of diesel by ₹7.05 …

Petrol price down by ₹8.69, diesel by ₹7.05
2 years, 7 months ago

Petrol price down by ₹8.69, diesel by ₹7.05

The Hindu  

Petrol price on Sunday was slashed by ₹8.69 a litre and that of diesel by ₹7.05 per litre following the government's decision to cut excise duty on auto fuels, giving relief to consumers battered by high fuel prices that had pushed inflation to a record high. The government had on Saturday announced a record ₹8 per litre cut in excise …

Petrol, Diesel Prices: Rajasthan, Odisha, Kerala Cut VAT on Fuel; Check Latest Rates
2 years, 7 months ago

Petrol, Diesel Prices: Rajasthan, Odisha, Kerala Cut VAT on Fuel; Check Latest Rates

News 18  

After the central government cut excise duty on petrol and diesel to cool the prices of auto fuel, several states are also following the suit by reducing value-added tax. The Centre has cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre. The Kerala government has announced to cut …

Petrol, Diesel Prices Today: Fuel Rates Slashed After Centre's Excise Duty Cut; Know Latest Cost
2 years, 7 months ago

Petrol, Diesel Prices Today: Fuel Rates Slashed After Centre's Excise Duty Cut; Know Latest Cost

News 18  

After remaining unchanged for 45 days, petrol and diesel prices on Sunday have been reduced in the country. The development comes after the central government cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre. The price of petrol in Delhi has been reduced to Rs 96.72 per litre, …

Excise Cut: Industry, traders urge states to follow suit and bring more relief to consumers
2 years, 7 months ago

Excise Cut: Industry, traders urge states to follow suit and bring more relief to consumers

India TV News  

Excise Cut: India Inc, traders and exporters have welcomed the Centre's move to slash excise duty on auto fuels and urged states to follow suit to provide more relief to consumers. Hailing the decision of reduction in central excise duty on petrol and diesel, reduction in import duty on raw material of steel and plastic and increase in export duty …

'Devil and deep sea': Chidambaram questions excise duty cut, asks if states can afford to lose VAT
2 years, 7 months ago

'Devil and deep sea': Chidambaram questions excise duty cut, asks if states can afford to lose VAT

India TV News  

Highlights P Chidambaram questioned the cut on excise duty announced by the Centre on Saturday. Yesterday, the Centre announced Rs 8 per litre cut in excise duty on petrol and Rs 6 cut on diesel. A day after Finance Minister Nirmala Sitharaman announced a cut on excise duty on fuel prices, former Finance Minister P Chidambaram questioned the move and …

Excise cuts make fuel cheaper
2 years, 7 months ago

Excise cuts make fuel cheaper

Deccan Chronicle  

New Delhi: Buckling under pressure, the government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers battering under high fuel prices that have also pushed inflation to a record high. State-owned fuel retailers will pass on the excise duty cut to …

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