Rs 2 additional excise duty on petrol deferred to Nov; diesel to Apr 2023
The government has put off by one month the levy of an additional Rs 2 per litre excise duty on petrol that is not doped with ethanol, and by six months for diesel that is not blended with bio-diesel.
The government relaxed the deadline for supplying ethanol-blended petrol to avoid the extra levy to November 2022 and that for supply of bio-diesel doped diesel to April 2023 in a bid to give the industry more time to implement the oil import cutting measure.
The finance ministry, in a Gazette notification issued late on Friday (September 30), stated that the additional excise tax on petrol will now be levied from November 1, 2022 and that on diesel from April 2023.
