India Cuts Excise Duty On Petrol and Diesel

October 3, 2017

India on Tuesday cut excise duty on petrol and diesel by two rupees a litre to protect retail consumers from higher global crude oil prices, the government said.

The new excise duty will be effective from Oct. 4, the Finance Ministry said in a message on Twitter.

The finance ministry had earlier ruled out lowering excise duties on petroleum products, citing pressure on government finances.
 
Reporting by Manoj Kumar

Logistics News

Oil Supply to Outpace Demand in Medium-Term

Oil Supply to Outpace Demand in Medium-Term

Guinea Exports Record 48.6 Million Tons of Bauxite

Guinea Exports Record 48.6 Million Tons of Bauxite

ASRY Hosts First Innovation Forum with Lumofy

ASRY Hosts First Innovation Forum with Lumofy

Osbit Opens New Offshore Wind Facility in Port of Blyth

Osbit Opens New Offshore Wind Facility in Port of Blyth

Subscribe for Maritime Logistics Professional E‑News

As Europe suffers an early heatwave, thousands of people flee the wildfires in Turkey
Trump administration sues Los Angeles over immigration enforcement
Second ally of Biya's Biya in the presidential race