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Maroc Maroc - WN.COM - Business - 28/Mar 12:36

Excise Duty Cut On Petrol, Diesel

Kashmir, Observer, Jammu, Srinagar, Latest Kashmir News, Kashmir News, Kashmir Latest News Representational photo New Delhi- The government on Friday cut excise duty on petrol and diesel by Rs 10 per litre each but said retail prices will remain unchanged, as the reduction is being used to offset rising input costs amid a sharp surge in global crude oil prices. The move effectively prevents a hike in fuel prices that had become imminent following a nearly 50 per cent increase in international oil prices over the past month. The cut reduces the special additional excise duty on petrol from Rs 13 to Rs 3 per litre and eliminates the Rs 10 per litre levy on diesel. However, the benefit will not...

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