 "Fuel prices, petrol, diesel")
Petrol and diesel prices will rise by Rs 2 a litre from Saturday after the Union Budget proposed an increase in cess and duties, a move that is expected to yield.
Rs 30,000 crore for the government. Stating that the softening of crude prices has given the government room to raise rates, Finance Minister Nirmala Sitharaman proposed an increase in special additional excise duty and road and infrastructure cess by Re 1 each. Crude prices have fallen from around $71.34 a barrel in 2018 to $66 a barrel this year.
Before the hike, the excise duty on petrol
Rs 30,000 crore for the government. Stating that the softening of crude prices has given the government room to raise rates, Finance Minister Nirmala Sitharaman proposed an increase in special additional excise duty and road and infrastructure cess by Re 1 each. Crude prices have fallen from around $71.34 a barrel in 2018 to $66 a barrel this year.
Before the hike, the excise duty on petrol
