In a notification issued late on Thursday, the Union Finance Ministry slashed the excise duty on petrol to Rs 3 a litre from Rs 13 earlier. It has exempted diesel from the duty, while the levy was Rs 10 earlier.
Key takeaways
Quick scan — what you need to know:
- In a notification issued late on Thursday, the Union Finance Ministry slashed the excise duty on petrol to Rs 3 a litre from Rs 13 earlier.
- It has exempted diesel from the duty, while the levy was Rs 10 earlier.
Background
What led here, in plain terms:
- In a notification issued late on Thursday, the Union Finance Ministry slashed the excise duty on petrol to Rs 3 a litre from Rs 13 earlier.
- It has exempted diesel from the duty, while the levy was Rs 10 earlier.
Why it matters
Why readers and decision-makers should care:
- In a notification issued late on Thursday, the Union Finance Ministry slashed the excise duty on petrol to Rs 3 a litre from Rs 13 earlier.
- It has exempted diesel from the duty, while the levy was Rs 10 earlier.