Excise Duty Cut

Petrol, diesel rate cut: Fitch Ratings says govt move on fuel prices to impact profitability of oil marketing companies

While cutting excise duty by Rs 1.50 per litre, the government had on Thursday asked Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) to absorb Re 1 per litre increase in fuel rates.

Petrol, diesel price cut: Allowing pressure to build up and then succumbing to it dents Narendra Modi’s tough image

The government must then focus more on direct taxes as using proceeds of fuel taxes, the brunt of which is borne by the poor to finance welfare schemes, is retrograde.

High petrol, diesel prices: Shiv Sena terms Centre's excise duty cut on fuels 'drop in the ocean'

The government's move to cut excise duty on petrol and diesel by Rs 2 per litre is like a drop in the ocean as it comes after months of rising fuel prices, the Shiv Sena said on Thursday.

Excise duty on petrol, diesel cut by Rs 2: Why can't BJP-ruled states reduce VAT on petro products to shame opposition

Human liquor and petroleum products have been the favorite whipping boys of finance ministers in states

Petrol, diesel price down by over Rs 2: Consumers want deeper cut but govt in tough balancing act on revenue

Sudden cut in fuel prices is due to intense criticism on social media and by the Opposition parties