Government Announces Excise Duty Cut Of Rs. 2.5 Per Litre On Fuels
Government announces excise dut cut of Rs. 2.5 per litre on fuels
After the rising prices of petrol an diesel, the government has give relief. The Central Government ha reduced excise duty of 1.5 rupees o petrol and diesel. After this, petrol, diesel will be cheaper up to two an a half rupees. Oil companies will als get relief in this relief and they wil reduce the cost of petrol and diesel by 1 rupee. Today Finance Minister Arun Jaitley has announced this in press conference.
Lowering excise duty will increase the additional burden of Rs 10,50 crore this year on the government.
Apart from this, the Finance Minister says that if the state reduces VAT o petrol, diesel then customers can ge relief of up to Rs 5 per liter on fuel. The oil situation in the international market is very volatile and the oi prices are constantly rising in the global market. Because of this, the government has taken this decision to provide relief to the people at home.
◆> Read Source
Government announces excise dut cut of Rs. 2.5 per litre on fuels
After the rising prices of petrol an diesel, the government has give relief. The Central Government ha reduced excise duty of 1.5 rupees o petrol and diesel. After this, petrol, diesel will be cheaper up to two an a half rupees. Oil companies will als get relief in this relief and they wil reduce the cost of petrol and diesel by 1 rupee. Today Finance Minister Arun Jaitley has announced this in press conference.
Lowering excise duty will increase the additional burden of Rs 10,50 crore this year on the government.
Apart from this, the Finance Minister says that if the state reduces VAT o petrol, diesel then customers can ge relief of up to Rs 5 per liter on fuel. The oil situation in the international market is very volatile and the oi prices are constantly rising in the global market. Because of this, the government has taken this decision to provide relief to the people at home.
◆> Read Source