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Government hikes excise duty on diesel and petrol

The government has raised the factory gate tax by 1.50 rupees a litre

Mumbai: India has raised excise duty on petrol and diesel to boost revenues and contain budget borrowing that could put off a likely cut in the retail prices of the two fuels.

The government has raised the factory gate tax by 1.50 rupees a litre each for the two fuels.

( Source : reuters )
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