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fuel excise duty

Govt rules out excise duty cut as petrol, diesel prices hit fresh high

Almost half of the fuel price is made up of taxes.

Sep 10, 2018, 17:45 PM IST

Budget 2018: Government cuts excise duty on petrol, diesel by Rs 2

Taking a big decision in the Union Budget 2018, the Narendra Modi government on Thursday decided to cut excise duty on petrol and diesel by Rs 2. With this move, prices of petrol and diesel are expected to come down.

Feb 01, 2018, 14:50 PM IST

Arun Jaitley urges states to cut VAT on petrol, diesel

Jaitley, who is here on three-day official visit, said the Rs 2 per litre cut in excise duty on petrol and diesel was done to give relief from relentless increase in prices and leave more money in hands of consumers.

Oct 04, 2017, 22:16 PM IST

Petrol price cut by Rs 2.42, diesel by Rs 2.25/litre; excise hiked

Petrol price was cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre after an excise duty hike limited the benefit of global crude prices slumping to six-year low.

Jan 16, 2015, 20:22 PM IST

Government raises excise duty on petrol, diesel by Rs 2/litre

This is the fourth since Prime Minister Narendra Modi lifted diesel price controls in October.

Jan 16, 2015, 17:50 PM IST