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.
Goa Chief Minister Pramod Sawant on Tuesday reportedly assured a delegation to restructure the proposed excise tax by keeping the interests of the state government and liquor traders in mind.
Alcohol is all set to get expensive by 20 to 50 per cent in Goa from April 1, chief minister Pramod Sawant announced in the state assembly
The shares of major aviation stocks surged by nearly 14 per cent on Wednesday.
The revised rates of petrol in Delhi stood at Rs 81.82/litre and Rs 73.53/litre respectively.
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Immediately after the Centre’s decision, many state governments also reduced the price.
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While Rajasthan on Sunday announced a 4 per cent cut in VAT on petrol and diesel, Andhra Pradesh Monday said fuel prices will be reduced by Rs 2 each from cut in sales tax.
Petrol price today hit a 55-month high of Rs 74.50 a litre, while diesel rates touched a record Rs 65.75, renewing calls for a cut in excise duty to ease the burden on consumers.
The BJP-led government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.
The spurt in rates, caused by the rally in international oil prices, has led to the oil ministry asking the finance ministry for a cut in excise duty in the Union Budget 2018-19.
Petroleum Minister Dharmendra Pradhan on Wednesday urged the state governments to cut Value Added Tax (VAT) on fuel by 5 per cent
Petrol price were today cut by Rs 2.5 per litre and diesel by Rs 2.25 a litre, a day after the government reduced excise duty on auto fuels.
The Centre has asked state governments to reduce VAT in order to further ease the burden on consumers.
The government on Tuesday reduced Excise Duty on petrol and diesel by Rs 2 per litre, effective October 4.
The government on Saturday asked the jewellers to settle the excise dues for March-May along with that of June and get themselves registered with the central excise department by July 1.
Mumbai: Jewellers on Saturday called off an 18-day old strike demanding a roll-back of proposed excise duty on non-silver jewellery after the government assured them that there will be no harassment by excise officials. Major
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