Diesel cars on their way out following proposed pollution tax: Nitin Gadkari
To combat the rising levels of air pollution, Union Transport Minister Nitin Gadkari today suggested a 10% GST increase on…
To combat the rising levels of air pollution, Union Transport Minister Nitin Gadkari today suggested a 10% GST increase on…
With the hike in price, the state government aims to generate Rs 600 crore per annum as revenue, said officials.
The Central government has slashed windfall tax on crude oil production to zero from Rs 3,500 rupees per tonne, which became effective from today, according to an official notification.
A decision to this effect was taken by the Council of Ministers in a meeting chaired by Chief Minister Bhagwant Mann today.
The central has slashed the windfall tax on crude oil from Rs 11,000 to Rs 9,500 per tonne. This change will be applied from November 2 according to an official notification released by the Ministry of Finance.
The Modi government seems to be feeling the effects of price rise in the country which has made the lives of the common man worse over the last three months.
Following a reduction of fuel prices by the Centre, the Kerala government on Saturday announced a cut in tax on the prices of petrol and diesel by Rs 2.41 and Rs 1.36 respectively.
Making the announcement in tweets, Finance Minister Sitharman said that the move will have a revenue implication of around Rs 1 lakh crore per year.
If the leadership chooses to increase the price, the per-litre diesel cost will jump to Rs 204.69.
In 2020, during the COVID outbreak, the event suddenly draws Crude & Brent oil prices. The crude oil (WTI) starts falling from $65/barrel to $19/barrel.