https://www.taxtmi.com/news?id=22644 The Government increased the excise incidence on petrol and diesel by three rupees per litre through hikes in special excise duty and road cess, estimating an additional annual revenue of about thirty-nine thousand crore rupees. State-owned oil companies adjusted posted retail prices against recent international crude-driven price declines, so retail pump prices did not rise. The change is justified as a fiscal measure to raise resources for infrastructure and development and is situated among a series of excise adjustments since 2014-15. en-us Sat, 14 Mar 2020 13:54:08 +0530 Sat, 14 Mar 2020 13:54:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22644 The Government increased the excise incidence on petrol and diesel by three rupees per litre through hikes in special excise duty and road cess, estimating an additional annual revenue of about thirty-nine thousand crore rupees. State-owned oil companies adjusted posted retail prices against recent international crude-driven price declines, so retail pump prices did not rise. The change is justified as a fiscal measure to raise resources for infrastructure and development and is situated among a series of excise adjustments since 2014-15. News - Sat, 14 Mar 2020 13:54:08 +0530 https://www.taxtmi.com/news?id=22644