GOVERNMENT BEGINS TO
CASH IN ON CRUDE OIL PRICE FALL!!! EXCISE DUTY INCREASED!!! KNOW HOW MUCH GOVT
GOT CASH PER LITER MORE NOW!!!
பெட்ரோல், டீசல் மீதான கலால் வரி அதிகரிப்பு!!
பெட்ரோல், டீசல் மீதான கலால் வரி லிட்டருக்கு ரூ. 3
அதிகரிக்கப்பட்டுள்ளது.
அதே போல், பெட்ரோல், டீசல் மீதான சிறப்பு கலால் வரி லிட்டருக்கு ரூ.2 அதிகரிக்கப்பட்டுள்ளது.
பெட்ரோல், டீசல் மீதான சாலை
செஸ் வரியும் லிட்டருக்கு ரூ.1 அதிகரிக்கப்பட்டுள்ளது.
Government begins to cash in on crude oil price fall, excise
duty hikes a "measure of fiscal prudence" The central government has
increased the excise duty on petrol and diesel by Rs 3 a litre each, but prices
of these fuels will still fall because of a significant decline in crude oil
rates.
The central government has increased the excise duty on petrol
and diesel by Rs 3 a litre each, but prices of these fuels will still fall
because of a significant decline in crude oil rates.
Excise duty hike of Rs 2 per litre each on petrol and diesel
will be effective from March 14 itself, under Special Additional Excise Duty
(SAED). An additional Rs 1 per litre will also be hiked for both petrol and
diesel under Road and Infrastructure Cess (RIC), the government said,
CNBC-TV-18 reported.
CNBC-TV18 quoted unnamed sources in the finance ministry as
saying the prices of petrol and diesel have reduced despite the government
raising SAED and RIC by Rs 3 per litre. This increase is "a measure of
fiscal prudence," the sources said.
The revised prices for petrol per litre in metros are as
follows: Delhi (Rs 69.87), Kolkata (Rs 72.57), Mumbai (Rs 75.57) — all down by
Rs 0.13 — and Chennai (Rs 72.57), down Rs 0.14.
The revised prices for diesel per litre in metros are as
follows: Delhi (Rs 62.58), Kolkata (Rs 64.91) — a decline by Rs 0.16, Mumbai
(Rs 65.51) — and Chennai (Rs 66.02), down Rs 0.17.
The excise duty hike is expected to help the government
collect nearly Rs 2,000 crore, according to the sources. The government is
likely to bring the revised duties to parliament on March 16.
Government sources said the calibrated increase in duty
rates would provide much-needed resources for infrastructure and other
developmental items of expenditure keeping in view the present fiscal position.
Further excise hikes would likely be dependent on price movements.
While the benefit of reduction of crude prices in the first
quarter of this year has significantly gone to the consumer, the government has
taken this step of increasing duty to raise some revenue in view a tight fiscal
situation. This would help in generating resources for the development of
infrastructure.
Prices of petrol and diesel have already fallen by more than
Rs 6 per litre since the second week of January.
Crude prices have been falling sharply in recent months. The
fall accelerated when earlier this week Saudi Arabia ratcheted up efforts to
squeeze Russia's Urals oil grade out of its main markets by offering its own
cheap barrels.
From a price of about $66/barrel (159 litres) in January the
prices of crude have come down gradually to about $51/barrel in the first week
of March and since then fallen sharply to $32/barrel this week.
In sync with this, the prices of petrol and diesel have also
come down by more than Rs 6 a litre since January (from Rs 76.01 a litre on
January 11 to Rs 69.87/litre on March 14 for petrol and from Rs 69.17 a litre
to Rs 62.58 a litre for diesel during the same period in Delhi.
No comments:
Post a Comment