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Friday, October 20, 2017

India Cuts Excise Duty On Petrol and Diesel

Posted by 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
TwitterFinance Ministryretail consumers