To increase revenue, the government has increased excise duty on petrol from Rs 19.98 per liter to Rs 32.98 per liter.
Extract obligation on diesel expanded from Rs 15.83 per litre to Rs 31.83As of late, oil promoting organizations climbed petroleum costs by 23 paise per litre and diesel by 24 paise per litre, taking the cost of petroleum to a record-breaking high of Rs 84.20 per litre and diesel to Rs 74.38 per litre in the public capital. Prior, in October 2018, when the cost of unrefined was 80 for every barrel, the cost of petroleum in Delhi arrived at Rs 84 for each litre. Notwithstanding, the current cost of Brent rough is 54 a barrel, the most noteworthy since the fall in raw petroleum costs during the Corona pestilence, which started in March. So how about we discover why petroleum and diesel costs are ascending in the nation regardless of the fall in global unrefined costs.
Gujarat Petroleum Dealers Association President Arvind Thackeray said that the fundamental explanation behind the ceaseless ascent in petroleum diesel costs is the extract obligation exacted by the public authority on petroleum diesel. Along these lines, costs are continually rising. Extract obligation has been consistently expanded by the NDA government and this has prompted soaring petroleum diesel costs.