Govt amends law to get power to hike tax on petrol, diesel by Rs 8 per ltr


PTI, Mar 24, 2020, 3:11 PM IST

New Delhi: The government on Monday amended the law to get enabling powers to raise excise duty on petrol and diesel by Rs 8 per litre each in future.

Finance Minister Nirmala Sitharaman moved an amendment to the Finance Bill, 2020, to raise the limit up to which the government can raise special excise duty on petrol and diesel to Rs 18 per litre and Rs 12, respectively.

The amendment along with the Finance Bill was passed without a debate in the Lok Sabha.

The government had on March 14 raised excise duty on petrol and diesel by Rs 3 per litre each to raise an additional Rs 39,000 crore in revenue annually. This duty hike included Rs 2 a litre increase in special additional excise duty and Re 1 in road and infrastructure cess.

This hike took the special additional excise duty to maximum permissible in law – Rs 10 in case of petrol and Rs 4 in case of diesel.

Now, through an amendment of the Eighth Schedule of the Finance Act, this limit has been increased to Rs 18 per litre in case of petrol and Rs 12 in case of diesel.

This is an enabling provision and no change in excise duty is being done as of now, an official said.

The amendment gives powers to the government to raise the duty by up to Rs 8 per litre in petrol and diesel at any time it wishes.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Public Alert: Cyber fraudsters impersonating traffic police to demand fines

UP: 25 people booked for attacking civic officials for encroachment removal

SC transfers cheating case against choreographer Remo D’Souza to Delhi court

Fishing vessel collides with naval platform off Goa coast; 2 fishermen missing

‘Nation First’ key to India’s progress, says President Murmu

Karnataka BJP chief Vijayendra slams Cong govt over Waqf notices to farmers, fund crunch

Man declared dead wakes up before cremation, 3 doctors suspended in Rajasthan

Related Articles More

Court acquits MLA Bachchu Kadu in 2011 Mantralaya clerk slapping case

UP: 25 people booked for attacking civic officials for encroachment removal

SC transfers cheating case against choreographer Remo D’Souza to Delhi court

Fishing vessel collides with naval platform off Goa coast; 2 fishermen missing

Cal HC stays demolition of illegal constructions in Mandarmoni

MUST WATCH

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava

Naxal Operation


Latest Additions

Belagavi: Was youth killed for an iPhone? Police launch intensive probe

K’taka Health Minister calls for collaborative efforts to combat Antimicrobial Resistance

Public Alert: Cyber fraudsters impersonating traffic police to demand fines

Court acquits MLA Bachchu Kadu in 2011 Mantralaya clerk slapping case

Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.