Minister of State for Finance Anurag Singh Thakur on Monday tabled two notifications relating to increase in excise duty and road cess on petrol and diesel by Rs 3 per per litre, amidst uproar by opposition in Lok Sabha.
Thakur placed before the House the notifications dated March 13, 2020 seeking to raise special additional excise duty on petrol by Rs 2 to Rs 8 per litre in case of petrol and to Rs 4 per litre litre from Rs 2 in case of diesel.
Additionally road and infrastructure cess was raised by Re 1 per litre on petrol and diesel to Rs 10.
Opposition members protested the government move. They questioned the hike in duty when global crude prices have come down significantly.
Later in the day, Thakur also tabled the notifications along with the explanatory memorandum before Rajya Sabha.
This was opposed by AITC member Sukhendu Sekhar Ray.
"The price of crude oil has come down substantially in the world market and price of diesel and petrol has been enhanced in our market along with road cess," Ray said
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
