Why No Mention Of Fuel Tax Cut In Budget? Revenue Secretary Explains
Finance Minister Nirmala Sitharaman did not announce a cut in excise duty on petrol and diesel while presenting the interim Budget in Parliament yesterday. Explaining the Government's move, Revenue Secretary Sanjay Malhotra told NDTV that excise duties on petrol and diesel were cut when oil prices were high and any further reduction in fuel taxes seems unlikely now that global prices have stabilised.
