Power Today |
Advertise Here [728 W x 90 H pixels]
News Brief | January 2016

Govt hikes excise duty on petrol, diesel

The Government today increased excise duty on petrol by Rs.0.30 per litre and by Rs.1.17 a litre on diesel to make use of slump in oil prices to garner an additional Rs.2,500 crore. Basic excise duty on unbranded petrol has been increased from Rs.7.06 per litre to Rs.7.36 and the same on unbranded diesel from Rs.4.66 to Rs.5.83 per litre. Finance Minister Arun Jaitley said the increase in duty will yield an additional Rs.2,500 crore in revenue during the remainder of the 2015-16 fiscal which ends on March 31, 2016.

After including additional and special excise duty, the total levy on unbranded petrol will be Rs.19.36 per litre as against Rs.19.06 currently. Similarly, on unbranded or normal diesel, total excise duty after including special excise duty will be Rs.11.83 per litre as compared to Rs.10.66 now. Basic excise duty on branded petrol has been raised from Rs.8.24 per litre to Rs.8.54 a litre and the same on branded diesel from Rs.7.02 to Rs.8.19 per litre.

This is the second increase in excise duty in less than six weeks. Through the previous excise duty hike, the Government had mopped up Rs.3,200 crore.

Post your comment
Verification Code:   Change Image


Posted Comment
1 .     Yogesh Says:
17 Oct 2016
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine

2 .     Sarfaraj Bilakhiya Says:
20 Sep 2016
Pls invite me all auction in gujarat

3 .     k.natarajan Says:
20 Jun 2016
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors..... thanks lot pls call +910842559230 +919842753550

Advertise Here [728 W x 90 H pixels]