Tuesday, Oct 27, 2020 | Last Update : 04:09 AM IST

excise duty

WTF: Government raises excise duty on petrol, diesel by Rs 3 per litre

Wait, it won't increase the price you pay at the bunk, but the price cut you were expecting isn't happening

14 Mar 2020 11:35 AM

Govt forms committee to rationalise additional taxes on Aviation Turbine Fuel

Currently, airlines have to pay charges such as 'throughput charges', 'into plane charges' and 'fuel infrastructure charges.'

18 Aug 2019 11:56 AM

Budget 2019: Petrol price to rise by Rs 2.5, diesel by Rs 2.3 after FM raises tax

A litre of petrol costs Rs 70.51 in Delhi and Rs 76.15 in Mumbai.

05 Jul 2019 5:08 PM

No respite for consumers as fuel prices witness fresh hike

Arun Jaitley had earlier announced a cut of Rs 2.50 per litre on both petrol and diesel prices.

12 Oct 2018 3:16 PM

Excise duty on aviation turbine fuel lowered to 11 per cent

Jet fuel was priced at Rs 47,013 per kl in July last year and has risen by 58.6 per cent since then.

11 Oct 2018 8:54 AM

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Fitch said govt move on fuel prices to impact profitability of OMCs

The government reduced the prices of petrol and diesel by Rs 2.50 per litre on October 4, 2018.

05 Oct 2018 4:43 PM

Petrol, diesel prices cut by Rs 2.50 after excise reduction; oil cos absorbing Re 1

Excise duty cut would have an impact of Rs 10,500 crore on central government's tax revenues.

04 Oct 2018 3:49 PM

Govt hikes duty incentives for exports of 28 milk products

MEIS benefit for certain items have been enhanced to 20 per cent from the current 10 per cent.

29 Sep 2018 10:23 AM

Petrol prices rule high as govt stubborn on fiscal target

Centre collected a staggering Rs 2,29,019 crore as excise revenue from the petroleum sector in FY18.

18 Sep 2018 10:53 AM

We are not in a position to reduce sales tax on fuel, says Tamil Nadu CM

He emphasised on the Central Government to reduce the excise duty on fuel products.

11 Sep 2018 1:04 PM

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Govt rules out excise duty cut as fuel prices hit fresh high

A one rupee per litre cut in taxes would result in revenues being hit by Rs 30,000 crore on an annualised basis.

11 Sep 2018 8:42 AM

Petrol, diesel price hiked by steepest level in a year; rates at record high

Opposition parties have announced nationwide strikes and protests next week over record-high fuel prices.

07 Sep 2018 6:01 PM

Rising fuel prices: TN Govt says onus on Centre to cut taxes

The Centre has said it will not cut excise duty on petrol and diesel to cushion the spiralling prices.

07 Sep 2018 1:59 PM

Govt rules out excise duty cut as petrol, diesel prices hit fresh high

Petrol and diesel prices on Tuesday touched fresh highs as rupee dipped to a record low of 71.54 against US dollar.

04 Sep 2018 5:46 PM

Govt extends duty benefits for exports of certain dairy, agri products

The duty benefits were enhanced and extended under the Merchandise Export from India Scheme (MEIS).

14 Jul 2018 10:38 AM

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Jaitley hints at no cut in excise on oil, appeals to pay taxes honestly

The level of non-oil taxes to GDP at 9.8 per cent in 2017-18 is the highest since 2007-08.

18 Jun 2018 4:09 PM

Reduce oil duties to check fuel price rise, says Assocham

Over Rs 19 per litre is added to the cost on account of excise duty levied by the Centre.

08 Jun 2018 12:17 PM

India may cut expenditure to stick to 3.3 pc fiscal deficit: Moody's

Moody's had last year upped India's sovereign rating for the first time in over 13 years to 'Baa2'.

07 Jun 2018 2:37 PM

Oil Minister Pradhan rules out review of daily fuel pricing

Central govt levies Rs 19.48 excise duty on a litre of petrol and Rs 15.33 on diesel.

04 Jun 2018 4:40 PM

Centre earns Rs 665 crore a day from excise on oil

Excise duty on petrol was hiked by Rs 11.77 per litre and that on diesel by 13.47 a litre since Nov 2014.

30 May 2018 9:49 AM

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