India cuts special additional excise duty on petrol to Rs 3 per litre, scraps levy on diesel

India cuts special additional excise duty on petrol to Rs 3 per litre, scraps levy on diesel

India has reduced the special additional excise duty on petrol to Rs 3 per litre and scrapped it on diesel amid heightened global crude market volatility. This government intervention follows Nayara Energy's recent price hikes for petrol and diesel, highlight…

India has reduced the special additional excise duty on petrol to Rs 3 per litre and scrapped it on diesel, according to a government order dated Thursday, as reviewed by Reuters.The move comes amid … [+1968 chars]
India cuts special additional excise duty on petrol to Rs 3 per litre, scraps levy on diesel - FHMnews