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A pinch here, a windfall there: Govt's fuel tax

A pinch here, a windfall there: Govt's fuel tax

IIT Indore | Narendra Modi

Finance Minister Nirmala Sitharaman raised special additional excise duty and road and infrastrsucture cess - each one by Rs 1 per litre — on petrol and diesel in her maiden Budget on July 5. Prices at fuel stations rose by a higher degree, by Rs 2.5 and Rs 2.3 per litre, respectively, a day later. Retail prices are near their 2019 peak at the moment (Chart 1).



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First Published: Mon, July 08 2019. 09:15 IST