The government on Tuesday evening hiked excise duty by a record Rs 10 per litre on petrol and Rs 13 per litre on diesel to garner Rs 1.6 lakh crore additional revenue as it repeated its time-tested formula of not passing on gains arising from a slump in international oil prices. Government sources said the Centre has taken this step of increasing duty to raise some revenue in view of a tight fiscal situation.
from Times of India https://ift.tt/3c82y9d
via IFTTT
No comments:
Post a Comment