{"id":430951,"date":"2021-08-17T08:57:10","date_gmt":"2021-08-17T03:27:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430951"},"modified":"2021-08-17T09:56:57","modified_gmt":"2021-08-17T04:26:57","slug":"no-room-to-cut-excise-duty-on-petrol-and-diesel-says-fm-sitharaman","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-room-to-cut-excise-duty-on-petrol-and-diesel-says-fm-sitharaman\/","title":{"rendered":"No room to cut excise duty on petrol and diesel, says FM Sitharaman"},"content":{"rendered":"<p>Finance Minister Nirmala Sitharaman on Monday said the Centre had little room to cut excise duty on petrol and diesel because of the cost burden of the oil bonds issued by the previous United Progressive Alliance (UPA) government.<\/p>\n<p>\u201cWe don\u2019t do so many tricks like the UPA government. They issued oil bonds for which the principal amount is over Rs 1 trillion, and for the last seven fiscals, the government has been paying over Rs 9,000 crore interest annually,\u201d Sitharaman said in a select media briefing. \u201cThis government is paying for the oil price reduction of 2012-2013. If I did not have this burden, I would have also been able to reduce fuel prices,\u201d she added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister Nirmala Sitharaman on Monday said the Centre had little room to cut excise duty on petrol and diesel because of the cost burden of the oil bonds issued by the previous United Progressive Alliance (UPA) government. \u201cWe don\u2019t do so many tricks like the UPA government. They issued oil bonds for which the principal amount is over Rs 1 trillion, and for the last seven fiscals, the government has been paying over Rs 9,000 crore interest annually,\u201d Sitharaman said in a select media briefing. \u201cThis government is paying for the oil price reduction of 2012-2013. If I did [&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-430951","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\/430951","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=430951"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430951\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}