Rs 2/ltr additional excise duty on petrol put off by one month; diesel by six months
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 not blended with bio-diesel in a bid to give the industry more time to implement the 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.
Union Finance Minister Nirmala Sitharaman had in her Budget for the fiscal year beginning April 2022 brought a Rs 2 per litre additional levy on petrol and diesel that is not blended with ethanol and bio-diesel, respectively.
