Govt hikes excise duty on petrol by Rs 1.6 per litre, diesel by 40 paisa


New Delhi, Nov 6, 2015, PTI: The government hiked excise duty on petrol by Rs 1.60 per litre and the same on diesel by 40 paisa a litre to mop up additional revenue to meet budgetary targets.

The basic excise duty on unbranded or normal petrol was increased from Rs 5.46 per litre to Rs 7.06 a litre, according to a CBEC notification.

After including additional and special excise duty, the total levy on petrol will be Rs 19.06 per litre as against present levy of Rs 17.46.

Similarly on unbranded or normal diesel, excise duty has been increased from Rs 4.26 per litre to Rs 4.66 a litre. After including special excise duty, total incidence of excise duty on diesel will be Rs 10.66 per litre as against present Rs 10.26.

The excise duty on branded petrol has been hiked from Rs 6.64 to Rs 8.24 per lire. Special and additional excise duty of Rs 12 per litre will continue as before.

On branded diesel, excise duty has been increased from Rs 6.62 to Rs 7.02 per litre. Additional excise duty of Rs 6 per litre will continue as before.

The government had previously in four installments raised excise duty on petrol and diesel between November and January to take away the reduction in retail rates that was warranted from falling international oil prices.

The four excise duty hikes between November and January totalled Rs 7.75 per litre on petrol and Rs 6.50 a litre on diesel.

The four excise duty hikes between November and January had led to about Rs 20,000 crore in additional revenue to the government, helping it meet its fiscal deficit target.

Tax on petrol and diesel was first hiked by Rs 1.50 a litre each from November 12. Then again from December 2, the excise duty on petrol was raised by Rs 2.25 per litre and by Re 1 on diesel.

This was followed by the government hiking excise duty on petrol and diesel by Rs 2 per litre each from January 2 and a similar proportion from January 16.

  

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Comment on this article

  • krish, Dubai

    Sat, Nov 07 2015

    guys
    "No hike in petrol, diesel prices despite higher excise duty"

    DisAgree [1] Agree Reply Report Abuse

  • John, Udupi

    Sun, Nov 08 2015

    Hi Krish, its just the other way round!. Say that 'guys, no benefit of reduction in international prices will be given this time!, government going to pocket the same!'.

    DisAgree Agree [1] Reply Report Abuse

  • Harish Hegde, Mangalore/Saudi Aramco

    Sat, Nov 07 2015

    Govt to impose 0.5% Swachh Bharat cess on services,Govt hikes excise duty on petrol by Rs 1.6 per litre, diesel by 40 paisa...
    If this is the condition of our country why not people will smuggle do robbery provide fake things do fraud take bribe get corrupted and what not or else how will they survive???? God Save India!!!

    DisAgree Agree [3] Reply Report Abuse

  • Harish Hegde, Mangalore/Saudi Aramco

    Sat, Nov 07 2015

    If this is the condition of our country why not people will smuggle do robbery provide fake things do fraud take bribe get corrupted and what not???? God Save India!!!

    DisAgree Agree [2] Reply Report Abuse

  • Juliet mascarenhas, Bejai, Mangalore

    Sat, Nov 07 2015

    This does not make any difference for Bhakths. They have not seen any developments in India for the last 65 years.They are still in the Bullock Cart Era.Busy ploughing the land,Milking the cow,living in thatched houses,maintaining Govashrams.
    Everything tax free.
    Ache Din hai bai ache din .FIRST TIME IN INDIA. Step for progress in India.

    DisAgree [1] Agree [8] Reply Report Abuse

  • krish, Dubai

    Sat, Nov 07 2015

    Dear Juliet,
    i could not see any of your comments in Mr. Anjaneyappa scam news.

    hahahah
    busy in criticizing Central govt???

    DisAgree [4] Agree Reply Report Abuse

  • Ram Shetty, Mangalore/Mumbai

    Sat, Nov 07 2015

    krish, Dubai even i never saw you before?

    DisAgree [1] Agree [4] Reply Report Abuse

  • John, Udupi

    Sun, Nov 08 2015

    Krish, I too didn't see you during Bangaru Laxman, Lalit gate and other scams!?

    DisAgree Agree Reply Report Abuse

  • Rakesh Dsouza, Mangalore

    Sat, Nov 07 2015

    Ache Din Aaye hai for common people of India.
    All over the world fuel prices are falling down and in India its reverse.
    Where all the BJP Bhakts who protested the price hike before FEKU Govt came to power.?

    Anyway Indian people deserve for for voting this Govt to power.

    DisAgree [1] Agree [3] Reply Report Abuse

  • Allen, Mangaluru

    Sat, Nov 07 2015

    No wonder, this Govt will shave every citizen of India bald within 5 years!

    DisAgree [2] Agree [10] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Sat, Nov 07 2015

    Crude Oil prices on yesterday was 45 and 48.

    This Cow Government is imposing cess tax, service tax and excise duty tax for chaaiwaala shaakas, for goshaalas maintenance, purchase of suit boot and for his election fund.
    The nikamma and bakwaas sarkar.

    DAAL IS COSTLIER THAN BEEF.

    COW GOVERNMENT'S CATTLE CLASS GOVERNANCE.

    DisAgree [2] Agree [13] Reply Report Abuse

  • S.M. Nawaz Kukkikatte, Dubai

    Sat, Nov 07 2015


    More Burden for Indians

    DisAgree [2] Agree [10] Reply Report Abuse

  • Elroy, Karkala

    Sat, Nov 07 2015

    Soon we have to change our currency to Dollar otherwise we have carry cash in Gunny bags to by things. Well done Modiji. Vikas Vikas Vikas. Relaiance ka Vikas Ambani ka Vikas. Crude Oil prices are gone to deep in the world and petrol prices are increasing in India. Mera Bharath Mahan.

    DisAgree [1] Agree [12] Reply Report Abuse

  • Ramesh S, mangalore

    Sat, Nov 07 2015

    ..this is the effect of VP Padayatra..He traveled every state (during UPA era dont know where he was) and said MODI not releasing compensation to farmers..He damanded crores & crores..also he said he passed OROP (every year Govt has to spend 10thsnd crores) but MODI not giving, so return award/medals..He said for MNAREGA (crores are spent for nothing, its proved this scheme not building asset) MODI not releasing fund..Now MODI in fix..what to do, he cant print money..who has to pay for farmer compensation/MNAREGA/OROP? its citizens..hike the tax,cess & pay..and get ready for loosing Gas subsidy..

    DisAgree [11] Agree [2] Reply Report Abuse

  • Amigo, Mangalore

    Sat, Nov 07 2015

    So far not a single dis-agree or not a single CHADDI BAKHT's appears for comments. I think CHADDIS are deserting FEKU & DAKU

    DisAgree [1] Agree [8] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Nov 07 2015

    When will this LOOTING stop ...

    DisAgree [1] Agree [8] Reply Report Abuse

  • Anees, KARKALA

    Sat, Nov 07 2015

    NATAK COMPANY STAGE PE NAACHNE KELIYE AUR HAAT UDANE KE LIYE PAISA CHAHIYE... WASOOL KARNE WAQT AAYA.

    DisAgree [1] Agree [12] Reply Report Abuse

  • Hussain, Abudhabi

    Sat, Nov 07 2015

    All this are announced after Bihar elections !!! Modiji tussi great ho !!! (Ullu banane may)

    DisAgree [2] Agree [15] Reply Report Abuse

  • Krishna Kant, Moodbidri

    Sat, Nov 07 2015

    Hussain good catch, i guess no more election?

    DisAgree [4] Agree [9] Reply Report Abuse

  • D'D'Souza, Mlore/Dubai

    Sat, Nov 07 2015

    Day by day Gujarat model will become expensive now,
    we have to search any other model in next election,

    DisAgree [2] Agree [22] Reply Report Abuse

  • Valerian D Souza, Mangalore/Dubai

    Sat, Nov 07 2015

    Petrol prices decreased more than 50% since last year and We are getting increased in India....? Kuch tho teak nahi hai...This is nothing but extortion by the ruling party. May be what congress could not do in 60 years, BJP is trying with in this five years. This is nothing but the business over the poorer's dead bodies....!

    DisAgree [1] Agree [21] Reply Report Abuse

  • Hussain, Abudhabi

    Sat, Nov 07 2015

    Modi's bumper offer..

    Nepal - $ 1 Bn donation
    Mongolia- $ 1 Bn credit
    Africa- $ 10 Bn credit
    Bihar- Rs. 1.25 lakh Crore
    Pakistan NGO team which brought GEETA to India was given Rs 1 Cr by our Modiji

    Now impose 0.5% tax for Swachch Bharat and excise duty on fuel to recover this..

    Arre bhai jab budget k liye paise nahi hai toh dusron ko chappar phaad k kyun de rahe ho ??

    Fekunomics at its best

    DisAgree [2] Agree [31] Reply Report Abuse

  • KRPrabhu, Kudla/Bluru

    Sat, Nov 07 2015

    Soon we can hear the news of BJP govt deciding selling of Kutub minar,Taj mahal,Indian gate,char minar etc., to foreign country to mop up funds for budgetary needs.We have got lot of precious monuments in the country in every state.If sold good sum could be collected.Best way to garner funds like selling gold in country treasury making coins.To do all these stupid things one does require good brains. Best example is Jaitly for intelligent FM....
    Next target is looting Hindu temples who have abundant gold deposits lying unused for decades.

    DisAgree [1] Agree [18] Reply Report Abuse

  • William, mangalore

    Sat, Nov 07 2015

    Feku Govt is not in sound mind it seems. Day by day finding ways to loot common people. can we see any sign of ache din forget about that whilst blaming other govt. these lunatics are at complete liberty loot general public.

    DisAgree [1] Agree [18] Reply Report Abuse

  • Ram Shetty, Mangalore/Mumbai

    Sat, Nov 07 2015

    Wait for worse to come.... Supporter of BJP are not worried because they maybe riding bicycle or BJP and their goons funding them with our tax money to cover their expenses.

    DisAgree [2] Agree [34] Reply Report Abuse

  • Krishna Kant, Moodbidri

    Sat, Nov 07 2015

    Ram Sir, You commented right. No wonder no Condemning nor Praising regarding this hike from Jeeven, Mahendra Shetty, Ramesh S, Krish Dubai,Ajith Shetty, ABD and RSRB "well these two guys have nothing to do with our issues" beside this many other supporter of BJP they are just MUM as you said maybe they get support from BJP or else they would have cried out loud.

    DisAgree [1] Agree [11] Reply Report Abuse

  • Harish Hegde, Mangalore/Saudi Aramco

    Sat, Nov 07 2015

    Mr. Krishna they have no voice but they are disagreeing you guy's comments.

    DisAgree Agree [1] Reply Report Abuse

  • KRPrabhu, Kudla/Bluru

    Sat, Nov 07 2015

    This BJP govt has gone mad....,5% hike in service tax and now excise duty on petrol/diesel........Sufferers are common people....
    people will curse this govt of looters...disgusting.

    DisAgree [2] Agree [37] Reply Report Abuse

  • anonymous,

    Sat, Nov 07 2015

    I love it when Bhakths go mad lol..

    DisAgree [2] Agree [1] Reply Report Abuse


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