‘Govt. can cut excise on fuels by ₹8.5 sans revenue impact’
The Hindu
The Centre has room to cut excise duty on petrol and diesel by up to ₹8.5 per litre without impacting its target for revenue from the tax on the two fuels, analysts said.
Petrol and diesel prices hover at a historic high following a relentless increase in rates over the past nine months. There have been calls by opposition parties as well as sections of society to reduce excise duty to ease consumer pain.
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