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The latest revision of excise duty was on 06 May’2020 when the Central Government announced another major hike in the Central excise duty with an increase of ₹ 10 on petrol and ₹13 on diesel. As on date, the excise duty on Petrol is ₹ 32.98, while it is ₹ 31.83 in the case of diesel.

As on date, the excise duty on Petrol is ₹ 32.98, while it is ₹ 31.83 in the case of diesel. Following Friday's notification, the excise duty on petrol will now go up to Rs 22.98 per litre, while on diesel it will be Rs 18.83 per litre. This represents a 142 per cent increase in duty on Excise duty on petrol and diesel was on Saturday hiked by ₹3 per litre as the government looked to mop up gains arising from fall in international oil prices.Special excise duty on petrol was hiked The excise duty on petrol increased from Rs 9.48 per litre to a high of Rs 21.48 per litre by January 2016. In October 2017, the excise duty on petrol was reduced by Rs 2 per litre, the first such Excise duty The excise duty levied on normal petrol is Rs 19.48, while on branded petrol, it is Rs 20.66.

Excise duty on petrol in india

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In all, duty on petrol rate was hiked by Rs 11.77 per litre and that on diesel by 13.47 a litre in those 15 months that helped government''s excise mop up more than double to Rs 2,42,000 crore in

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The latest revision of excise duty was on 06 May’2020 when the Central Government announced another major hike in the Central excise duty with an increase of ₹ 10 on petrol and ₹13 on diesel. As on date, the excise duty on Petrol is ₹ 32.98, while it is ₹ 31.83 in the case of diesel.

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2020-05-06 · Global oil prices have been at unprecedented low levels since mid-March paving the for steep cut in retail prices of petrol and diesel for Indian consumers as well. However, this has not happened as oil companies did not revise the price of two products since March 16, (50 days) as if anticipating duty increase by the government. Excise duty on petrol and diesel was on Saturday hiked by ₹3 per litre as the government looked to mop up gains arising from fall in international oil prices.Special excise duty on petrol was With the new hiked excise duty coming into play on March 14, motorists in Delhi tanking up on petrol will pay all of 33% excise duty (Rs 22.98 ) on a single litre which costs Rs 69.87, while those 2020-12-19 · The present excise duty on petrol is ₹32.98, which, when UPA-2 left office was just ₹9.48 per litre. In other words, excise duty on petrol is 348% higher now than in 2014. Similarly, the present excise duty on diesel is ₹31.83 which has increased by 894% more than ₹3.56, when UPA-2 remitted office. The excise duty on unbranded petrol was Rs 9.48 per litre on the same date.
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Basic excise duty is also known as the Central Value Added Tax (CENVAT).

The government will look to reduce prices of petrol and diesel through a cut in taxes Excise duty on petrol now totals Rs 32.90 a litre and makes up for 36 per cent of the Rs 90.56 a litre retail selling price of the fuel in Delhi. India’s Covid-19 crisis has a familiar Record excise duty on petrol and diesel helped indirect tax collections rise by more than 59 per cent in the fiscal year ended March 31 (2020-21) when compared to the previous year. The Centre on Tuesday evening raised the excise duty on petrol by Rs 10 and on diesel by 13 per litre to recoup some of the loss of revenue suffered by the government due to the Covid-19 lockdown.
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2021-02-24 · In fact, the central government’s excise duty on petrol has seen a significant hike from Rs 19.28 per litre, at the beginning of 2020, according to a report by The Indian Express.

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Excise burden. Notwithstanding the consistent fall of crude oil prices, both petrol and diesel have only become dearer for consumers in India, with the government trying to cash in on lower prices by hiking the excise duty of the fuels. The cash-strapped Central government has been consistent in hiking the excise duties on the fuels.

Dealers add their commission of Rs 3.69, followed by the state’s VAT or sales tax of Rs 19.92. And finally, the consumer pays Rs 86.30 a litre at the petrol pump. Contentions have been raised over high excise duty on fuels in the recent past as petrol prices touched Rs 100 per litre in several cities of India.

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186 Kilometerskatt Kilometre tax on diesel fuel.