LM NEWS 24
LM NEWS 24

Govt Hikes Excise On Petrol By ₹2, Retail Price Unchanged

The government on Saturday hiked the excise duty on petrol and diesel by Rs 2 per litre and road cess by Re 1, effectively a Rs 3 per litre hike on both commodities.

Petrol in Delhi on Saturday was selling at Rs 69.87 per litre while diesel is costing Rs 62.58 per litre. The decision came amid steep fall in global crude oil in a bid by the government to mop up additional money as it battles weak revenues.

Still, the prices of petrol and diesel are marginally lower than yesterday as the oil marketing companies have decided to absorb the hike and pass on some of the benefits to the consumer.

Global crude oil prices fell by as much as a third following Saudi Arabia’s move to start a price war with Russia amid worries over the spread of coronavirus.

(ANI)

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are essential in order to enable you to move around the website and use its features. Without these cookies basic services cannot be provided.

Cookie generated by applications based on the PHP language. This is a general purpose identifier used to maintain user session variables. It is normally a random generated number, how it is used can be specific to the site, but a good example is maintaining a logged-in status for a user between pages.
  • PHPSESSID

Used on sites built with Wordpress. Tests whether or not the browser has cookies enabled
  • wordpress_test_cookie

In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services
0
Would love your thoughts, please comment.x
()
x