The government is looking at reviewing the imposition of cesses and duties on fuel and domestic crude in a meeting to be held Friday, officials said. Officials of petroleum and finance ministries will attend the meeting to review the levies which came into effect on July 1.
With global crude prices having softened since the imposition of the levies on July 1, it is likely that the government may consider lowering the duties and cesses.
“A meeting will be held tomorrow (Friday) to review the duties and cess on petrol, diesel and crude. The decision will take into account the situation of global crude oil prices,” an official said.
