Government rules out excise duty cut to cushion petrol prices

The government today ruled out any immediate reduction in excise duty to cushion relentless rise in international oil prices that have sent retail diesel rates in India to record high and petrol to four-year high. The BJP-led government had raised excise duty nine times between November 2014 and January 2016.

Leave a Comment

Your email address will not be published. Required fields are marked *