Excise Duty On Petrol And Diesel Hiked By 88% And 209% In Six Years…
Central excise obligation on petrol has virtually doubled and gone up by 88 percent.
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Excise obligation on diesel has gone up by 3 times and witnessed a 209 percent hike throughout the identical interval, as gas costs throughout the nation have crossed Rs 100 per litre.
As on July 1, 2021, central excise obligation on petrol is Rs 32.90 per litre inclusive of cess, whereas on July 1, 2015 it was Rs 17.46 per litre on petrol together with cess, in line with official knowledge. This reveals that excise obligation has virtually doubled on petrol in six years between July 2015 and July 2021 and witnessed 88 per cent improve.