The Government of India decides to reduce the Basic Excise Duty rate on Petrol and Diesel [both branded and unbranded] by 2 per litre with effect from 4th October, 2017; This major decision has been taken by the Government in order to cushion the impact of rising international prices of crude petroleum oil and petrol and diesel on Retail Sale Prices of Petrol and Diesel as well as to protect the interest of common man https://www.taxtmi.com/news?id=18860 Reduction of Basic Excise Duty on petrol and diesel lowers per litre excise levies on both branded and unbranded fuels effective 4 October 2017 to moderate retail price increases from rising international crude and product prices, and is described as a fiscal measure to protect consumers from price shocks while producing an estimated revenue shortfall for the year. en-us Wed, 04 Oct 2017 10:08:37 +0530 Wed, 04 Oct 2017 10:08:37 +0530 TaxTMI RSS Generator The Government of India decides to reduce the Basic Excise Duty rate on Petrol and Diesel [both branded and unbranded] by 2 per litre with effect from 4th October, 2017; This major decision has been taken by the Government in order to cushion the impact of rising international prices of crude petroleum oil and petrol and diesel on Retail Sale Prices of Petrol and Diesel as well as to protect the interest of common man https://www.taxtmi.com/news?id=18860 Reduction of Basic Excise Duty on petrol and diesel lowers per litre excise levies on both branded and unbranded fuels effective 4 October 2017 to moderate retail price increases from rising international crude and product prices, and is described as a fiscal measure to protect consumers from price shocks while producing an estimated revenue shortfall for the year. News - Wed, 04 Oct 2017 10:08:37 +0530 https://www.taxtmi.com/news?id=18860