Govt can cut excise duty on petrol, diesel by ₹8.5 a litre without hurting revenues2 min read . Updated: 03 Mar 2021, 05:37 PM IST
Petrol, 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 the government to reduce excise duty to ease consumer pain
NEW DELHI : The government 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.
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