Excise Duty

Fuel price cut: Nirmala Sitharaman rebuts Opposition flak, says move does not impact states' tax share

This comes after former Union finance minister P Chidambaram and other Opposition leaders stated that the reduction in excise duty announced on Saturday evening would reduce the share of states in Central taxes

Tamil Nadu: AIADMK welcomes Centre's move on slashing excise duty on petrol and diesel

AIADMK Coordinator O Panneerselvam urged the MK Stalin-led DMK government to now implement its promise regarding slashing fuel rates, made ahead of the 2021 Assembly polls and further benefit the citizens

Excise duty cut on auto fuel: Petrol price slashed by Rs 8.69/ltr, diesel by Rs 7.05/ltr

Finance minister Nirmala Sitharaman had also stated that the government will give Rs 200 per cylinder subsidy to the poor who got cooking gas connection under the Ujjwala scheme

Petrol and diesel prices remain unchanged on 20 Nov; check what you need to pay in your city

In New Delhi, price of diesel is at Rs 86.67 per litre and petrol rate is at Rs 103.97 per litre

Haryana Petroleum Dealers Association end strike over reduction of excise duty on fuel price

The 24-hour strike began from 6:00 am Monday (15 November) and ended at 6:00 am on Tuesday.

Kerala government firm on decision not to reduce fuel tax

While many other states had increased fuel tax and introduced cess during the COVID-19 period, Kerala had not done so considering the plight of struggling commoners, said state Finance Minister K N Balagopal

Cracking News: On eve of Diwali, Centre cuts excise duty on petrol by Rs 5, diesel Rs 10

The release said that states have also been urged to reduce VAT on petrol and diesel to give relief to consumers

Unpacking fine print of fuel pricing: Why blaming Modi government for rising energy cost is unfair

Like the Centre, states also need financial resources to fund their development programs and fuel taxes are an important source for them as well

Chidambaram dubs imposition of taxes on fuel as 'cruel' in times of distress; says govt must borrow to meet deficits

Governments must borrow to meet their deficits and not impose higher tax burdens when economic activity has ground to a halt amid the coronavirus pandemic, senior Congress leader P Chidambaram said on Wednesday after the Centre and the Delhi government hiked taxes on petroleum products

Oil marketing companies shares drop up to 13% post govt hikes excise duty on petrol, diesel

Shares of oil marketing companies -- Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd -- on Wednesday plunged up to 13 percent, a day after a hike in excise duty on petrol and diesel