Excise duty cut by centre will reduce the effective rate of VAT on petrol-diesel in states

May 22, 2022

Jaipur (Rajasthan) [India], May 22 : Excise duty cut in petrol and diesel will reduce the effective rate of Value Added Tax (VAT) in...

Kerala govt announces tax cut on petrol by Rs 2.41, diesel by Rs 1.36

May 21, 2022

Thiruvananthapuram (Kerala) [India], May 22 : Following a reduction of fuel prices by the Centre, the Kerala government on Saturday announced a cut in...

Nagaland govt reduces taxes on petrol, diesel

Feb 23, 2021

Kohima (Nagaland) [India], February 23 : Amid the rise of fuel prices in the country, the Nagaland government on Monday cut down taxes on...

Excise duty cut fails to offset oil marketing companies' losses amid rising crude prices: Nomura

Mar 30, 2026

Despite the government's recent move to cut excise duty on petrol and diesel, oil marketing companies (OMCs) may continue to face negative marketing margins,...

Entire burden of fuel price reduction falls on centre, I stand corrected: Chidambaram

May 22, 2022

New Delhi [India], May 22 : After taking a critical view of the central government's request to the states to cut taxes on petrol...

Govt gives up Rs 14,000 crore in tax revenue after excise duty cut on petrol and diesel: Petroleum Ministry

May 25, 2026

The government had cut central excise duty by Rs 10 per litre on both petrol and diesel on March 27, following a sharp rise...