{"id":341971,"date":"2020-03-16T10:38:49","date_gmt":"2020-03-16T05:08:49","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341971"},"modified":"2020-03-16T11:23:49","modified_gmt":"2020-03-16T05:53:49","slug":"excise-duty-hike-on-petrol-diesel-to-add-rs-43000-cr-to-govt-revenue","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/excise-duty-hike-on-petrol-diesel-to-add-rs-43000-cr-to-govt-revenue\/","title":{"rendered":"Excise duty hike on petrol, diesel to add Rs 43,000 cr to govt revenue"},"content":{"rendered":"<p>The government on Saturday increased taxes on petrol and diesel by Rs 3 per litre each, a move that may fetch it an additional revenue of around Rs 43,000 crore in a year. <\/p>\n<p>While special excise duty was hiked by Rs 2, road cess was increased by Rs 1 per litre on the fuels, according to a notification issued by the Central Board of Indirect Taxes and Customs (CBIC). <\/p>\n<p>After the latest hike, the excise duty on petrol has gone up to Rs 22.98 a litre from Rs 19.98, and that on diesel to Rs 18.83 from Rs 15.83 a litre. The decision to raise the duties was taken in view of the tight fiscal situation and the recent decline in crude oil prices, sources said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government on Saturday increased taxes on petrol and diesel by Rs 3 per litre each, a move that may fetch it an additional revenue of around Rs 43,000 crore in a year. While special excise duty was hiked by Rs 2, road cess was increased by Rs 1 per litre on the fuels, according to a notification issued by the Central Board of Indirect Taxes and Customs (CBIC). After the latest hike, the excise duty on petrol has gone up to Rs 22.98 a litre from Rs 19.98, and that on diesel to Rs 18.83 from Rs 15.83 a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-341971","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=341971"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341971\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}