Breaking news

“You measure a democracy by the freedom it gives its dissidents, more In one of the biggest leaks ever of offshore financial records, the more The Champaran Foundation, in collaboration with InFeed, is inviting entries more The recently concluded German elections on September 26, 2021 have given a more According to latest news reports, China has been on a defense infrastructure more A new line of argument has already come to dominate the public sphere: it’ more The government has gone one step further to detect community spread of the more The government has issued an order to abolish the six allowances, including more Aarogya Setu application launched by NIC is aimed to track COVID-19 affected more SEOUL| South Korea’s unemployment rate was unchanged in April as the more Amid the outbreak of Corona pandemic in the country, Indian government has more Prime Minister Narendra Modi in his address to the nation on Tuesday indicated more Corona infection in the country is taking a macabre form. So far, more than 74 more Congress General Secretary Priyanka Gandhi Vadra has written a letter to UP more On Tuesday, Prime Minister Narendra Modi announced a package of Rs 20 lakh more

Govt Planning to Increase Excise Duty on Petrol by Rs. 6 Per Litre

Petrol Price

In a move to fight against the increasing economic crisis due to Covid pandemic, the central government is planning to increase taxes on Petrol and Diesel. As per the reports by IANS, the government is planning to increase excise duty on both, petrol and diesel by 3 to 6 Rs per litre. If this is done, then the government can earn about 60,000 crore in a financial year.

As per the sources, round of meetings are going on for this and soon the dates will be decided. With the increase in petrol and diesel prices, the government is also planning that the retail prices remain unaffected with the increase. The experts believe that if the retail prices of petrol and diesel are not kept under control, the inflation rate may go high, which has already become an election issue in Bihar.

It is also noteworthy that despite fall of crude oil prices worldwide, no changes have been reported in Petrol and diesel prices in the past one month. At present, crude oil is trading at $40 per barrel, while in the last month, it was around $45 per barrel.

Story Page