India Cuts Special Excise Duties on Petrol and Diesel
India cut special additional excise duties on petrol to three rupees per litre and zero for diesel. The government order was issued this past Thursday.
Xurve View
Xurve View
The government of India has announced a reduction in the special additional excise duties levied on petrol and diesel, according to an official government order released on Thursday. The move comes as part of a periodic review of fuel taxes in the country.
Under the new mandate, the duty on petrol has been lowered to 3 rupees per litre, which is equivalent to approximately $0.0318. Furthermore, the special additional excise duty on diesel has been eliminated entirely, bringing the rate down to zero. These adjustments are effective immediately following the issuance of the directive.
