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Centre bears full cost of excise duty cut on petrol, diesel: Sitharaman - Vimarsana News

Centre bears full cost of excise duty cut on petrol, diesel: Sitharaman

Union Finance Minister Nirmala Sitharaman on Sunday clarified that the entire cost of the reduction in excise duty on petrol and diesel is borne by the central government and the state's revenue won't be impacted by the move.

Government bears full cost of excise duty cut on petrol, diesel: FM Nirmala Sitharaman | Economy News - Vimarsana News

Government bears full cost of excise duty cut on petrol, diesel: FM Nirmala Sitharaman | Economy News

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

Source: india.com
Fuel price - Nirmala Sitharaman rebuts Opposition flak on excise duty cuts - Vimarsana News

Fuel price - Nirmala Sitharaman rebuts Opposition flak on excise duty cuts

'Move does not impact state sharing of taxes'