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COVID-19 disruption may push Centre to further hike duty on petrol, diesel
TIWN
TIWN
PHOTO : TIWN
New Delhi, May 7 (TIWN) The unprecedented increase in excise duty on petrol and diesel by Rs 10 and Rs 13 per litre on Tuesday may not be the end of the government to exercise to fleece the two petroleum products for additional revenue this year.
Sources indicated that that another ₹3-6 per litre increase in excise duty on petrol and diesel may come midway during the year if the Central government felt the need to mobilise more resources to finance additional economic recovery packages to fight COVID-19 related disruptions.
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