Excise Duty
Excise Duty News
Excise duty on petrol was Rs 9.48 per litre, diesel Rs 3.56 when BJP came to power in 2014: Rameswar Teli to Parliament
Excise duty on petrol and diesel was cut by Rs 13 a litre and Rs 16, respectively, between November 2021 and May 2022, according to a written reply by Minister of State for Petroleum and Natural Gas Rameswar Teli
Excise duty on petrol was Rs 9.48 per litre, diesel Rs 3.56 in 2014: Union Minister Rameswar Teli
Excise duty on petrol and diesel was cut by Rs 13 a litre and Rs 16, respectively, between November 2021 and May 2022
Bengal to face Rs 1,141 crore revenue loss due to fuel price cut, says Mamata Banerjee
The Centre has reduced excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 a litre, slashing prices of both to some extent. When central duties are cut, states also lose earnings
After Centre cuts excise duty, Maharashtra, Kerala, Rajasthan reduce VAT on petrol, diesel
A source in the Goa government said the Pramod Sawant-led dispensation will not further reduce the VAT on petrol and diesel as it might hurt the economy
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
Govt to gain Rs 1.6 lakh cr additional revenues this fiscal from record excise duty hike on petrol, diesel
The cash-strapped government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record increase in excise duty on petrol and diesel, that will help make up for revenue it lost in a slowing economy and shutting down of businesses due to coronavirus lockdown
Maharashtra sells over 16 lakh litres of alcohol, nets Rs 62 cr revenue on Day 2, with just one-third shops open
The state has over 10,000 licensed shops that sell country liquor, IMFL, wine and beer of which merely 3,500 operated on Monday and Tuesday
Govt amends law to get powers to raise excise duty on petrol, diesel by Rs 8 per litre in future
The government on Monday amended the law to get enabling powers to raise excise duty on petrol and diesel by Rs 8 per litre each in future
Govt tables notifications on excise duty, road cess rise on petrol, diesel by Rs 3 per per litre
Minister of State for Finance Anurag Singh Thakur on Monday tabled three notifications relating to increase in excise duty and road cess on petrol and diesel by Rs 3 per per litre, amidst uproar by opposition in Lok Sabha
Budget 2020: Cigarettes, imported products, furniture, footwear to become costlier; EVs, newsprint, sport goods to be cheaper
A large number of items including cigarettes, chewing tobacco along with imported products, like edible oils, fans, table, footwear, electric vehicles, tableware, kitchenware, toys and furniture are set to become more expensive due to hike in taxes proposed in the Union Budget for 2020-21
Budget 2020-21: Finance Ministry seeks suggestions for rationalising income tax, other duties
In perhaps the first instance, the finance ministry has kicked off the exercise to formulate the next budget by seeking suggestions on changes in direct and indirect taxes from industry and trade associations