Excise Duty

Excise duty on exports of diesel, ATF hiked

Govt also raised windfall tax on domestically-produced crude from C13K to C13,300 a tonne

published on : 2nd September 2022

Government rolls back excise on aviation fuel for international flights

The rollout also comes at a time when airlines’ operating cost has surged due to a record rise in ATF prices.

published on : 9th July 2022

India raises excise duty on fuel to curtail export by private fuel retailers

The decision seems to have been taken after private fuel retailers like Jio-BP and Nayara Energy reportedly exported oil to other countries, after acquiring cheap crude from Russia. 

published on : 1st July 2022

'Cut taxes on fuel in 15 days': BJP threatens protests in Bengal

Speaking to reporters, BJP state president Sukanta Majumdar said the state government should give some relief to the people when the Centre has cleared all the GST dues.

published on : 3rd June 2022

Oil marketing firms cut commercial LPG rate by Rs 135, ATF price by 1.3 per cent  

Jet fuel prices on Wednesday were reduced by 1.3% by the oil marketing companies (OMCs), after 10 rounds of price hikes.

published on : 2nd June 2022

Dealers stop buying petroleum products in Puducherry from oil companies

As part of nationwide protests, dealers reimbursement of the losses they suffered due to sudden cut in excise duty by the Central government.

published on : 1st June 2022

Pricey liquor could be cheaper in Karnataka soon as state plans to cut excise duty

If everything goes well, expensive liquor in Karnataka will be cheaper.

published on : 26th May 2022

Fuel pumps in Madhya Pradesh to remain shut for two hours to protest excise duty cut

The Central government last week cut the excise duty on petrol by Rs 8 per litre and diesel by Rs 6 per litre to give relief to consumers reeling under high fuel prices.

published on : 24th May 2022

'Please tell me who is behind higher prices now?' Fadnavis slams Uddhav for failing to reduce excise duty on fuel

In an attempt to control retail inflation, the Union government had reduced excise duty, resulting in a drop in retail petrol price by Rs 9.50 per litre and Rs 7 per litre in case of diesel.

published on : 24th May 2022

Petrol tax slashed, but you aren’t getting full relief

Consumers were in for a shock on Sunday as the reduction in petrol prices thanks to the excise duty cut was lower than they had thought.

published on : 24th May 2022

Reduce state taxes on fuel, TDP general secretary Lokesh writes to CM Jagan Mohan Reddy

Lokesh demanded that the AP government reduce the additional VAT and road cess on fuel to provide relief to people.

published on : 23rd May 2022

Market might get a short-term boost from fuel excise cut

Immediate near-term positives include a cut in excise duty on petrol and diesel, which could cool retail level inflation and China slashing a key interest rate on homes to spur demand.

published on : 23rd May 2022

Stop fooling people: Rahul Gandhi’s swipe at government over oil prices

Former Congress chief Rahul Gandhi led his party’s attack on the fuel excise duty reduction, saying that the government should end fooling the people.

published on : 23rd May 2022

Andhra: Cut in excise duty on fuel brings cheers to denizens 

State govt urged to slash VAT, cess and additional charges on fuel.

published on : 23rd May 2022

Fuel excise duty reduction mere eyewash: Maharashtra Congress chief slams Centre 

The Centre on Saturday announced a record Rs 8 per litre cut in excise duty on petrol and Rs 6 reduction on diesel.

published on : 22nd May 2022

Being between 'devil and deep sea': Chidambaram on states' situation after government's excise cut on fuel

The former finance minister's remarks come a day after the government announced Rs 8 per litre cut in excise duty on petrol and Rs 6 reduction on diesel.

published on : 22nd May 2022

Excise duty cut on Fuel price: Trinamool says BJP trying to fool masses

TMC national spokesperson Sukhendu Sekhar Ray said the Centre has raised the prices of petrol and diesel at least 14 times in the past few months and by leaps and bounds in the past one year.

published on : 21st May 2022

'Fuel prices reduction a formality': Gehlot hits out at Modi government

He also demanded that the central government should lower the petrol and diesel prices to the level during the UPA rule if the government wants to give relief to people in the true sense.

published on : 21st May 2022

Reduction of excise duty on petrol, diesel not enough, says Thackeray; Fadnavis hits back

In a statement, Thackeray criticised the Central government for minimal reduction of excise duty on petrol and diesel.

published on : 21st May 2022

Cut on fuel excise duty: Stop befooling people, says Congress; Nadda seeks VAT cut by opposition-ruled states

Congress chief spokesperson Randeep Surjewala said the government had increased the excise duty on petrol by Rs 10 in 60 days and is now 'duping' people by reducing it by Rs 9.50.

published on : 21st May 2022
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