Excise Duty Hike

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  Excise Duty Cuts On Fuel Poses Risk To Fiscal Deficit: Finance Ministry

  Government revenues have taken a hit following cuts in excise duties on diesel and petrol, posing risk to budget level of gross fiscal deficit

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  RBI Expected To Hike Repo Rate By 0.40% Next Week: Report

  RBI is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said

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  Government's Measures To Combat Inflation May Hurt Growth

  India's export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening

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  Budget 2022: Diesel To Cost Rs 2 More From October 1

  Diesel in most parts of the country may cost Rs 2 per litre more from October 1 while petrol in a few places such as North East may see a price hike after Finance Minister Nirmala Sitharaman levied additional excise duty on fuel sold without blending it with ethanol or biodiesel.

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  'Ask Your Government Why...': Finance Minister On State Taxes On Fuel

  Opposition parties have argued that the Modi government has only marginally reduced the excise duty after having hiked them significantly in the past.

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  Hike In Excise Duty, VAT On Fuel Prices "Jizyah Tax": Congress Leader

  Congress leader Randeep Singh Surjewala dubbed the "rapid and repeated backbreaking increase" in the excise duty and VAT on petrol and diesel in past as "Jizyah tax" by the Narendra Modi and ML Khattar governments at the Centre and in Haryana.

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  Centre Should Assure Regarding No Fuel Price Hike In Future: BSP

  In a veiled attack on Centre's decision to cut down excise duty to bring down retail rates of fuel, Bahujan Samaj Party spokesperson Sudhindra Bhadoria said that Modi-led government should assure nation that there will be no fuel price hike in future

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  Excise Duty Collections On Fuel Products Rose 33% In First Half of 2021-22

  Excise collections on fuel products in April-September 2021 rose to Rs 1.71 lakh crore from Rs 1.28 lakh crore collected in same period of last year

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  Congress Slams Centre On "Unsustainably High" Fuel, Cooking Gas Prices

  The Congress on Saturday called upon the BJP-led government to reduce excise duty to bring down the "unsustainably high fuel and cooking gas prices".

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  Excise Duty Collections On Fuel Saw 48% Jump During April-July 2021-22

  Excise duty on petroleum products witnessed a jump of 48 per cent during April-July period of 2021-22, as they stood at Rs 1 lakh crore.

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  Excise Duty On Petrol, Diesel Hiked By 43% And 68% In 11 Months

  The Centre collected Rs1,01,598 crore through excise duty on petrol and Rs 2,33,296 crore through excise duty levy on diesel during 2020-21.

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  Excise Duty On Petrol And Diesel Hiked By 88% And 209% In Six Years

  Central excise duty on petrol has almost doubled and gone up by 88 per cent in the last six years while diesel excise duty has gone up by three times.

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  Excise Duty On Fuel Calibrated To Generate Resources For Infrastructure: Finance Ministry

  Excise duty rates on petrol and diesel have been calibrated to generate resources for infrastructure building and other developmental expenditure, said Minister of State for Finance Pankaj Chaudhary

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  Poor Frontline Workers Hit by Rising Fuel Prices

  People in India have been hit hard by record high fuel prices, having risen by a third in the 15 months since Coronavirus hit the country.

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  Petrol And Diesel Prices Increased By 35 Paise; Rates Clock New High In Delhi

  The perpetual hike in fuel prices is primarily attributed to the soaring rates of Brent crude oil. On Monday, Brent crude oil prices for April delivery reached $60 per barrel which is the highest in a year.