Budget 2021 alters levies on auto fuels: agri cess in, excise pruned

Sale price of auto fuels to remain unaffected

Finance Minister Nirmala Sitharaman altered the levies on petrol and diesel in the Union Budget 2021-22. These alterations will be applicable from April 1, 2021.

“An agriculture Infrastructure and Development Cess (AIDC) of Rs 2.5 per litre has been imposed on petrol and Rs 4 per litre on diesel…Overall there would be no additional burden on the consumer,” the annexure to Sitharaman’s budget speech noted.

“The Basic excise duty (BED) and Special Additional Excise Duty (SAED) rates have been reduced on them so that overall consumer does not bear any additional burden. Consequently, unbranded petrol and diesel will attract basic excise duty