"excise-duty"

Finance Minister Nirmala Sitharaman said the government sacrificed over Rs 1 lakh crore annually through fuel excise cuts to cushion consumers from inflation, while defending recent petrol and diesel price hikes as market-driven revisions caused by surging global crude oil prices amid the West Asia conflict

Nirmala Sitharaman said the West Asia crisis could raise fuel and shipping costs for common people and businesses as petrol and diesel prices rose again. She added the government sacrificed Rs 1 lakh crore in revenue through excise duty cuts

British American Tobacco said Pakistan has the world’s largest illicit cigarette market, with 55% share. High taxes widened price gaps, boosting illegal trade while failing to cut consumption or significantly increase government revenue, reports suggest

The government has kept petrol and diesel prices unchanged despite reducing excise duty by Rs 10 per litre, using the relief to offset losses of oil marketing companies amid rising global crude prices and supply disruptions linked to West Asia tensions

Finance Minister Nirmala Sitharaman announced the Health and National Security Cess, levied only on demerit goods like pan masala, with revenues shared with states for health schemes. The move complements GST and aims to deter consumption while funding national priorities

Public health groups, health economists and doctors have urged the Centre to increase excise duty on all tobacco products including cigarettes

Hyderabad: Telangana Finance Minister T Harish Rao on Sunday accused the BJP-led central government of only “cheating” in the name of price reduction on fuel and demanded it to bring the cess on petrol and diesel to the level prevailing in 2014. All claims of reduction (tax cut on fuel by the Centre) is humbug […]

New Delhi: A day after the reduction in excise duty on petrol and diesel, the Congress on Sunday said that the step was a political gimmick and not relief to people, as it was like ‘three steps forward and two steps back’. Addressing a press conference here, Congress spokesperson Gaurav Vallabh said that the BJP […]

New Delhi: Bowing to public pressure, Finance Minister Nirmala Sitharaman on Saturday announced a Rs 8 per litre cut in excise duty on petrol and Rs 6 a litre on diesel to avoid increase in fuel prices that were necessitated due to surge in international oil prices. 7/12 We are reducing the Central excise duty […]

Hyderabad: Fuel prices in the city have come down in the wake of the Union government’s move to cut excise duty on petrol and diesel by Rs 5 and Rs 10 per litre, respectively. Accordingly, the petrol price in Hyderabad has come down by Rs 6.29 a litre while diesel prices fell by Rs 12.78 […]

New Delhi: In a relief to consumers on the eve of Diwali, the central government on Wednesday announced a reduction in excise duty on petrol and diesel. The excise duty on petrol will be reduced by Rs 5 and that on diesel by Rs 10 and new rates will come into effect from tomorrow. Government […]

The Chief Minister said the fuel price was rising uncontrollably after the shift from administrative price mechanism to dynamic pricing.

The price of branded or premium petrol price had crossed Rs 100-mark in Sriganganagar town of Rajasthan on January 27.

Excise duty collection during April-November 2020, was at Rs 1,96,342 crore, up from Rs 1,32,899 crore mop-up during the same period in 2019,