NEW DELHI : The government on Monday amended the law to get enabling powers to raise excise duty on petrol and diesel by ₹8 per litre each in future.
Finance Minister Nirmala Sitharaman moved an amendment to the Finance Bill, 2020, to raise the limit up to which the government can raise special excise duty on petrol and diesel to ₹18 per litre and ₹12, respectively.
The amendment along with the Finance Bill was passed without a debate in the Lok Sabha.
The government had on March 14 raised excise duty on petrol and diesel by ₹3 per litre each to raise an additional ₹39,000 crore in revenue annually.
