Retail prices of petrol and diesel had already gone up
in Delhi after a hike in VAT by the Delhi government.
After the hike in excise duties, the price of diesel
jumped by Rs 7.1 a litre and that of petrol
rose by Rs 1.7 a litre in Delhi.
From 27% to 30% for petrol &
From 16.75% to 30% for diesel.
The special excise duty on petrol was hiked by Rs 2 a litre to Rs 12 a litre & by Rs 5 a litre to Rs 9 a litre for diesel. Road cess on both petrol and diesel has also been increased by Rs 8 a litre to Rs 18 a litre.
REVENUE TO THE GOVERNMENT? 06-05-2020 Roughly, every rupee hike in excise duty is expected to yield Rs 13,000-14,000 crore annually. This hike is expected to garner Rs 1.6 lakh crore additional revenue.
SHOULD GOVERNMENT HAVE PASSED THE BENEFITS TO CONSUMER?
The special excise duty on petrol was hiked by Rs 2 a litre to Rs 12 a litre & by Rs 5 a litre to Rs 9 a litre for diesel. Road cess on both petrol and diesel has also been increased by Rs 8 a litre to Rs 18 a litre.
REVENUE TO THE GOVERNMENT? 06-05-2020 Roughly, every rupee hike in excise duty is expected to yield Rs 13,000-14,000 crore annually. This hike is expected to garner Rs 1.6 lakh crore additional revenue.
SHOULD GOVERNMENT HAVE PASSED THE BENEFITS TO CONSUMER?
Post a Comment