Petrol diesel rate: Petrol-diesel prices increased by Rs 3 per liter. ZNDM NEWS |

The central government has announced to increase excise duty and road cess on petrol-diesel. After this decision, the price of petrol and diesel will increase by 3 rupees per liter in the country. According to the IOC website, the price of petrol in Delhi is Rs 69.87 per liter. After increasing excise duty and cess, petrol prices will increase by up to Rs 3.

The central government has announced to increase excise duty and road cess on petrol-diesel. After this decision, the price of petrol and diesel will increase by 3 rupees per liter in the country. According to the IOC website, the price of petrol in Delhi is Rs 69.87 per liter. After increasing excise duty and cess, petrol prices will increase by up to Rs 3. According to the notification issued by the government, this decision has been taken due to international crude oil being cheaper. Petrol-diesel will be expensive - Government on Saturday increased excise duty (excise) on petrol and diesel by Rs 2 per liter. Right there Has announced to install Rs 1 per liter road and infra cess. The government has issued this information by issuing a notification. After this decision, the price of petrol and diesel will increase by 3 rupees per liter across the country. Experts say that this decision will help the government, which is struggling with the weakness in the economy, to raise additional funds. Due to the fall in oil prices in the international market, it has been possible for the government to take this decision. However, it remains to be seen whether the oil companies, which have been cutting the prices of oil recently, will pass the burden of this increase on the customers.
About half the money in the price of a liter of petrol goes in the pocket of governments as tax. In this, as the center's excise duty of Rs 19.98 per liter, the earnings on diesel is Rs 15.83 per liter. Then comes the VAT, which ranges from 6% to 39% in different states. The government fixes its financial condition by increasing tax. The last time the prices of crude oil were falling sharply between 2014 and 2016, instead of giving the benefit to the common people, the government was charging more and more tax through petrol and diesel as excise duty.

Between November 2014 and January 2016, the central government increased excise duty 9 times and gave relief only once. By doing this, between 2014-15 and 2018-19, the central government earned Rs 10 lakh crore through tax on oil. State governments also increase their income by increasing VAT on petrol and diesel. In the year 2014-15, where VAT received Rs 1.3 lakh crore, it increased to 1.8 lakh crore in 2017-18. Last week, the government of Karnataka announced to increase tax on petrol from 32% to 35% and on diesel from 21% to 24%.