Govt has no plans to impose new cess on petrol, diesel: Anurag Thakur
The central government has no plans to impose any new cess on petroleum products, said minister of state for finance Anurag Thakur in the Rajya Sabha on Tuesday. At present, petrol and diesel in the country attract road and infrastructure cess, special additional excise duty and agriculture infrastructure and development cess (AIDC). Apart from these charges, basic excise duty is also levied on fuel products.
In Budget 2021, finance minister Nirmala Sitharaman announced an agriculture cess on petrol and diesel at ₹2.5 /litre and ₹4 /litre respectively. Following the imposition of this new cess, the basic excise duty (BED) and special additional excise duty (SAED) rates were reduced on fuel prices to ease the additional burden on consumers.
