excise on fuel
Excise duty on petrol, diesel cut by Rs 2 a litre
In all, duty on petrol was hiked by Rs 11.77 per litre and on diesel by Rs 13.47 a litre. Petrol prices were market linked in 2010 and diesel in 2014.
Petrol, diesel to go cheaper as excise duty cut by Rs 2 a litre
Cut in excise on diesel and petrol will cost government an additional burden of Rs 26,000 crore in a full year.
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