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Excise duty on petrol & diesel hiked
Posted on: 07-11-2015 , 11:24:AM | DY365 Bureau

Nov 7, 2015- The government on Friday night hiked excise duty on petrol by Rs 1.60 per litre and the same on diesel by 40 paisa a litre to gain additional revenue to meet budgetary targets.

The basic excise duty on unbranded or normal petrol was increased from Rs 5.46 per litre to Rs 7.06 a litre, according to a Central Board of Excise and Customs notification.
After including additional and special excise duty, the total levy on petrol will be Rs 19.06 per litre as against present levy of Rs 17.46.
Similarly on unbranded or normal diesel, excise duty has been increased from Rs 4.26 per litre to Rs 4.66 a litre. After including special excise duty, total incidence of excise duty on diesel will be Rs 10.66 per litre as against present Rs 10.26.
The excise duty on branded petrol has been hiked from Rs 6.64 to Rs 8.24 per lire. On branded diesel, excise duty has been increased from Rs 6.62 to Rs 7.02 per litre.
 
 

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