{"id":444395,"date":"2021-10-22T11:06:25","date_gmt":"2021-10-22T05:36:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=444395"},"modified":"2021-10-22T12:14:23","modified_gmt":"2021-10-22T06:44:23","slug":"centre-rules-out-any-proposal-of-fuel-duty-cut","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/centre-rules-out-any-proposal-of-fuel-duty-cut\/","title":{"rendered":"Centre rules out any proposal of fuel duty cut"},"content":{"rendered":"<p>The Modi government is not considering any proposal to cut the duties on petrol and diesel even as global crude prices hover around multi-year highs of $85 per barrel, finance ministry officials said. <\/p>\n<p>Ministry officials said revenue considerations far outweigh the benefits of an excise duty cut and any decision to slash duties will be politically driven. <\/p>\n<p>A one rupee cut in excise duty on fuel will cost the central exchequer almost Rs 14,000 crore annually, which the government cannot  afford at a time growth needs a push. <\/p>\n<p>Price hikes<\/p>\n<p>Petrol and diesel prices on Thursday were hiked for the third consecutive day that took pump rates across the country to record high levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Modi government is not considering any proposal to cut the duties on petrol and diesel even as global crude prices hover around multi-year highs of $85 per barrel, finance ministry officials said. Ministry officials said revenue considerations far outweigh the benefits of an excise duty cut and any decision to slash duties will be politically driven. A one rupee cut in excise duty on fuel will cost the central exchequer almost Rs 14,000 crore annually, which the government cannot afford at a time growth needs a push. Price hikes Petrol and diesel prices on Thursday were hiked for the [&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":[130,215,148],"tags":[],"class_list":["post-444395","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/444395","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=444395"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/444395\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=444395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=444395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=444395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}