The Central government has raised the excise duty on petrol and diesel prices by ₹2 per litre. An official notification by the Department of Revenue, Ministry of Finance, said the change would take effect from April 8.
Exports of gasoline and diesel by major refiners in South Korea hit a record high last year, with over 50 percent of all imported crude oil shipped overseas after being refined here, data showed on Sunday.
The remarks came after the comments from India's Oil Secretary, Pankaj Jain, suggesting a price drop last month and media reports indicating that Maharashtra's state elections are expected in early November.
Union Minister of Road Transport and Highways Nitin Gadkari on Monday clarified that he is not against providing incentives for any particular fuel technology.
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.
