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Petrol, diesel costlier in India due to rise in VAT

Global crude oil prices are at a four-year low but India has raised excise duty. Experts say there's a method to the madness: extra funds can cushion the impact when prices rise. Petrol, diesel are costlier in India due to rise in excise duty. Zee Business, India's first 24-hour Hindi business channel, was conceived to offer 'information' and 'insight' and bring business and economy coverage to you in your own language.

Dec 06, 2015, 15:01 PM IST