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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