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The hike in duty has taken away gains from falling global petroleum prices.
The federal government on Tuesday night treked excise duty by a record10 per litre on fuel and13 per litre on diesel to gather 1.6 lakh crore extra income as it repeated its reliable formula of not passing on gains arising from a downturn in worldwide oil prices.
Likewise checked out: Fuel, diesel costs treked in Tamil Nadu
According to a notification released by the Central Board of Indirect Taxes and Customizeds, special additional import tax responsibility on petrol has been treked by 2 per litre and roadway cess has actually been hiked by 8 a litre.
