Analysts believe cutting excise duty on petrol, diesel by ₹8.5 per litre will not affect revenues Updated Mar 04, 2021 | 14:00 IST
Petrol and diesel prices hover at a historic high following a relentless increase in rates over the past nine months. There have been calls to the government reduce excise duty to ease consumer pain. Analysts believe cutting excise duty on petrol, diesel by ₹8.5 per litre will not affect revenues
The government has room to cut excise duty on petrol and diesel by up to Rs 8.5 per litre without impacting its target for revenue from the tax on the two fuels, analysts said.