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Govt receives Rs 27.90 excise duty on petrol, Rs 21.80 on diesel

Petrol and diesel prices have skyrocketed in the past few months. However, fuel rates have been kept unchanged for the past 25 consecutive days. ....

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Rajnath Singh welcomes decision to cut excise duty on petrol, diesel

Rajnath Singh, defence minister welcomes decision, excise duty cut, petrol price , diesel price, positive impact, Indian economy, latest business news updates, petrol excise duty, diesel excise duty ....

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Excise duty on petrol to be cut by Rs 5, diesel by Rs 10

"Excise duty on Petrol and Diesel to be reduced by Rs 5 and Rs 10 respectively from tomorrow," news agency ANI reported. ....

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Petrol Diesel Excise Duty News: Excise Duty Collections On Petrol, Diesel, Gas Spiralled 96% Since FY14

Petrol and diesel prices were deregulated in 2010 and 2014 respectively.
The spiralling petrol, diesel and gas prices have severely dented domestic budgets across the country, and the continuous hike in excise duty on petrol, diesel and cooking gas by the Centre in the past seven years has been the main reason behind the high cost of these commodities which are most essential for common man s consumption.
While people have been burdened, between 2013-14 and 2020-21, there has been an astounding 96 per cent increase in excise duty collection on these commodities.
According to official figures, the excise duty collection on the three essential commodities was Rs 12,35,870 crore in 2013-14. However by 2020-21 (till January 2021), these collections had gone up to Rs 24,23,020 crore, an increase of 96 per cent over the 2013-14 figures. ....

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Analysts believe cutting excise duty on petrol, diesel by ₹8.5 per litre will not affect revenues

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. ....

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