Page 45 - Excise Duty News Today

The duty reduction made in November 2021 has an implication of Rs 1,20,000 crore a year for Centre.

Move does not impact state sharing of taxes

The government also announced a subsidy of Rs 200 per gas cylinder for more than 9 crore beneficiaries of the Pradhan Mantri Ujjwala Yojana.

Union Finance Minister Nirmala Sitharaman on Saturday said the Centre is reducing the Central excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre.

Fuel prices will come down from tomorrow with the central government cutting the excise duty on petrol and diesel. Finance Minister Nirmala Sitharaman today announced a record cut of Rs 8 per litre of petrol and Rs 6 per litre on diesel.

The government has reduced central excise duty on petrol and diesel by Rs 8 per litre and Rs 6 per litre respectively, , nirmala sitharaman, excise duty, petrol, diesel

This will reduce the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre, noted the Finance Minister on Twitter.

Amidst rising energy prices and inflation, the Central excise duty on petrol has been cut by Rs 8 per litre and on diesel by Rs 6 per litre, reducing the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre

Soon after a marginal cut in excise duty on petrol and diesel Saturday, opposition parties asked the Narendra Modi government in New Delhi to reduce taxes on fuel to 2014 level.

Giving a big relief to the common man from rising inflation, the Central government on Saturday announced a Rs 8 per litre cut in excise duty on petrol and Rs 6 a litre on diesel. Union Finance Minister Nirmala Sitharaman announced the Centre was reducing  the excise duty on fuel.  “We are reducing the central excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per