Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Or Login with

Sign In with google

Sign up to CarWale

Please enter your name
+91
Please enter your mobile number
Please enter your password
Please enter your password
Ad

Government hikes excise duty on petrol and diesel

December 02, 2014, 03:18 PM IST by Pratheek Kunder
Government hikes excise duty on petrol and diesel

Government has hiked the excise duty on petrol by Rs 2.25 per litre and diesel by Rs 1 per litre. This decision was taken after the decline of crude oil price in the international market. The price hike will be affective from December 3.

This move will boost the Government’s revenue and will also reduce the country’s fiscal deficit by a great margin. With this hike, the government is expected to get around Rs 4,000 crore in its kitty. However, the good news is that the consumers will be spared from this hike. 

This is the second hike in excise duty in three weeks. A fortnight ago, the government had raised the excise duty by Rs 1.50 per litre on both petrol and diesel but that did not have any impact on the retail prices. Just yesterday, the oil marketing companies reduced the petrol and diesel price by Rs 90 paise a litre and 84 paise a litre respectively. We can expect the oil marketing companies to cut the petrol and diesel price again after a fortnight, if the international rate continues to go down. 

 
Show CommentsHide Comments
Ad
  • Upcoming Cars

MG HectorMG Hector

27th Jun 2019

18L - ₹ 23L
Hyundai Kona EVHyundai Kona EV

9th Jul 2019

25L - ₹ 30L
BMW X7BMW X7

25th Jul 2019

80L - ₹ 1.20Cr
BMW 7 Series FaceliftBMW 7 Series Facelift

25th Jul 2019

1.22Cr - ₹ 1.40Cr
Renault TriberRenault Triber

Aug 2019

5L - ₹ 7L
All Upcoming Cars
Ad
MG Hector

Price Reveal In:

  • 00DAYS
  • 00HRS
  • 00MINS
Know More

Select your city to avail offers

Currently available only in