Fuel Excise Duty

Fuel duty cut to soften inflationary pressures: Finance Ministry

The recent cut in central excise duty on petrol and diesel prices is expected to soften inflationary pressures exerted by rising crude oil prices, the ministry said in its monthly economic report.

published on : 11th November 2021

Further reduce excise duty on fuel: Rajasthan CM Ashok Gehlot to PM Narendra Modi

In a letter to the prime minister, Gehlot also requested that a direction be issued to oil companies to stop continuous increase in fuel prices so that people get the benefit of reduced excise duty.

published on : 9th November 2021

HC issues notice to GST council over non-inclusion of petrol, diesel prices

The GST council had earlier decided to continue keeping petrol and diesel out of the GST purview, saying that subsuming the current excise duty and VAT into one national rate would impact revenues.

published on : 8th November 2021

Major excise duty cut on petrol, diesel not likely soon

Officials say that the trend will continue this year too, with no major relief in tariffs or any major increase in capital expenditure.

published on : 2nd June 2021