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of <h1>Finance Ministry Amends Excise Duty on Unblended Fuels to Encourage Blended Fuel Use in India.</h1> The notification issued by the Ministry of Finance amends the Central Excise notification No. 11/2017 to promote fuel blending in India. Effective November 1, 2022, unblended petrol intended for retail sale will be subject to an excise duty of Rs. 3.40 per litre without a brand name and Rs. 4.60 per litre with a brand name. Similarly, from April 1, 2023, unblended high-speed diesel will incur a duty of Rs. 3.80 per litre without a brand name and Rs. 6.20 per litre with a brand name. These changes aim to encourage the use of blended fuels conforming to Bureau of Indian Standards.
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