Explained: factors that determine petrol & diesel prices in india
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
The Central Excise Duty is levied by the central government. This is a fixed amount and not a percentage on the price. The excise duty on petrol increased from Rs 9.48 per litre to a high
of Rs 21.48 per litre by January 2016. In October 2017, the excise duty on petrol was reduced by Rs 2 per litre, the first such reduction by the current BJP government. On the other hand,
the duty on diesel increased by more than 4 times from Rs 3.56 per litre to a high of Rs 17.33 per litre. Like petrol, the duty was reduced by Rs 2 per litre in October 2017 to Rs 15.33 per
litre.