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
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 […]
