excise duty
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Government scraps windfall tax on crude oil

Levy on diesel export cut to `0.5 a litre as softening trend seen in oil prices in 2nd half of March

published on : 5th April 2023
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Excise collection on petroleum goods to fall by Rs 60k crore

According to government estimates, excise duty collection from petroleum products in 2022-23 is likely to be around R3 lakh crore compared with R3.63 lakh crore in the previous year.

published on : 3rd April 2023
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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
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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
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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
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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
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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
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'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
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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
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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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Kerala announces cut in state tax on petrol by Rs 2.41, diesel by Rs 1.36

Announcing the cut on state tax, Kerala Finance Minister K N Balagopal said the Union government has partially reduced the huge tax imposed by it. He, however, welcomed the Centre's decision.

published on : 21st May 2022
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'It is always people first for us': PM Modi on excise duty cut on fuel prices

The government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers from high fuel prices.

published on : 21st May 2022
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Government cuts excise duty on petrol by Rs 8, diesel by Rs 6 to fight surging inflation

"This will reduce the price of petrol by ₹ 9.5 per litre and of diesel by ₹ 7 per litre," Finance Minister Nirmala Sitharaman tweeted.  

published on : 21st May 2022
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Worried Modi government scratches its head over rising petrol prices

While finance secretary Hasmukh Adhia on Monday ruled out any immediate reduction in excise duty, sources told TNIE that the option is still open. 

published on : 5th April 2018
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Need revenue for public spending: Jaitley on high oil taxes

Arun Jaitley provided no indication today of any cut in excise duty on petrol and diesel to cushion the spike in rates, saying that the government needs revenue to support public spending.

published on : 20th September 2017