Photo: Ommcom news

After Over 100 Days, Petrol Retailing For Less Than Rs 100

Petrol and diesel prices in India remained stable on June 12. Despite a recent increase in global crude oil prices, the fuel costs have remained unchanged for over three weeks. On June 12, petrol was priced at Rs 96.72 per litre in Delhi, while diesel was priced at Rs 89.62. In several cities, petrol is presently available for less than Rs 100.

Sun, 12 Jun 2022 - 11:40 AM / by Vidhi Jhunjhunwala

Tags: Petrol, Diesel, Excise Duty, Delhi, Fuel

Courtesy: Zee News

Amar Patnaik

Photo: Indian Express

BJD MP Amar Patnaik Retaliates Against States Lowering Fuel VAT

Amar Patnaik, Rajya Sabha MP and BJD leader retaliated at the Centre after it urged states to decrease VAT on petrol and diesel. During the lockdown, the Centre had dramatically increased excise tax, imposed extra excise duty, and had large revenue from cess, which was not shared with states. Odisha government will review its own resource base to determine whether additional VAT reductions are conceivable without jeopardising people's welfare… read-more

Mon, 23 May 2022 - 11:10 AM / by Vidhi Jhunjhunwala

Tags: Odisha government, Petrol, Diesel, VAT, Excise Duty

Courtesy: India Today

Liquor Bottles


Karnataka's Alcohol Industry Veterans Urge Govt To Revise Excise Duties On Liquor

Veterans of Karnataka's Alcohol Beverages Industry, in a press release, urged the government to revise the excise duties on liquor. The press release further claimed that the current excise duty rates make the cheap segments "cheaper" and premium segments more "expensive". "By imposing additional excise duty on spirits and beer, Karnataka government is putting additional burden on consumers," said Bishan Kumar, Editor-in-chief of Spiritz… read-more

Tue, 15 Feb 2022 - 06:18 PM / by Shibu Immanuel S

Tags: Karnataka, alcohol, tax, Excise Duty, Liquor

Courtesy: Brifly News

Fuel Prices

Photo: Economic Times

Fuel Prices Remain Constant After Centre Reduces Excise Duty

The Centre announced to reduce the excise duties on petrol and diesel by Rs 5 and 10 respectively. Following which, the fuel prices have remained constant. In Delhi, petrol is priced at Rs103.79 and diesel at Rs 86.67 per litre. In Mumbai, petrol and diesel costs Rs 109.98 and Rs 94.14 per litre respectively. In Chennai, petrol stands… read-more

Fri, 05 Nov 2021 - 06:09 PM / by Nehal Surana

Tags: petrol diesel price, Petrol, BJP, Diesel, Excise Duty

Petrol and Diesel

Photo: Science News For Students

Centre Refuses Excise Duty Cut On Fuel Products

The central government refuses to cut the excise duty cut on fuel products for fiscal concerns and a ₹10 cut may lead to a fiscal deficit of 0.58%, while it reduces inflation by just 0.2%. However, on July 20, the Centre explained that the petrol and diesel excise duty are being used for developmental infrastructure. Reportedly, additional expenditure for FY22 is expected during revised estimates.

Wed, 21 Jul 2021 - 08:15 PM / by Aditi Chavan

Tags: Excise Duty, Fuel, Inflation, Centre

Courtesy: Money Control