Earlier in November, in a significant decision, the Centre reduced excise duty on petrol and diesel to bring down the prices of the two petroleum products which had been seeing an upward trend.
Sitharaman, who had raised excise duty on petrol and diesel to record high to shore up revenue collections last year, said the interest on oil bonds paid in the last seven years totalled Rs 70,195.72 crore.
Government has hiked the excise duty on petrol, diesel by Rs 3 per litre. The move has come just days after petrol, diesel prices were reduced by more than Rs 2 per litre amid a decrease in global demand due to coronavirus pandemic.
New Delhi: The government has again raised the excise duty on petrol and diesel by Rs 2.25 and Rs 1 a litre respectively, but consumers will be spared of the price hike.With this, the duty
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