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Finance Minister Nirmala Sitharaman imposes additional excise duty of ₹1 on petrol and diesel per litre

The government has decided to impose additional excise duty on petrol and diesel by INR₹ 1 per litre. With this, fuel prices across the country will rise by a significant margin. Finance Minister Nirmala Sitharaman made the announcement in the Budget speech today. Petroleum products, being cash cows for the exchequer, fetch huge revenue, and […]