The boost in import tax task would in typical course result in a walking in petrol and diesel rates however the majority of it would be adjusted against the fall in rates. Representational image.|Image Credit: Vijay Soneji
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Centre looks to mop up gains developing from fall in international oil rates.
Special import tax responsibility on fuel was treked by 2 to 8 per litre and 4 in the case of diesel, an official alert said. Why oil costs are crashing
In addition, road cess on gas was raised by 1 per litre each on petrol and diesel to10
The boost in excise responsibility would in normal course outcome in a hike in petrol and diesel rates but most of it would be adjusted versus the fall in rates that would have demanded due to the fact that of depression in worldwide oil prices.
