No excise duty relief plan from Centre to curb fuel prices

Thursday, 11 February 2021Newsdesk

The Centre has refused to offer any relief to the public from soaring petrol and diesel prices in the form of an excise duty relief.

New Delhi, 11 February 2021

As per news report of The Telegraph, analysts said any excise duy cut would reduce the share of states in absolute terms from the central pool of taxes, especially after the budget manoeuvred a cut in the excise duty on petrol and diesel while imposing an agriculture infrastructure cess on them that left unscathed the final price but skewed the share of the fuel levy towards the Centre. “There is no such proposal at present,” oil minister Dharmendra Pradhan said in the Rajya Sabha when asked if the government was looking at cutting taxes to cool off prices.

Source -telegraphindia.com