New Delhi: There is no escape from high fuel prices, but it will not happen just because oil price instability. Budget The government has been given an enabling provision to put a ‘difference’ Excise duty 2 per liter on non-mixed fuel from October 1.
On the surface, the measure indicates the government’s intention to force manufacturing of ‘flex’ engines that can run on more than one fuel under an initiative launched last year and provide consumers with ethanol-blended petrol or pure may induce the use of ethanol. To reduce vehicular pollution and oil imports.
On the surface, the measure indicates the government’s intention to force manufacturing of ‘flex’ engines that can run on more than one fuel under an initiative launched last year and provide consumers with ethanol-blended petrol or pure may induce the use of ethanol. To reduce vehicular pollution and oil imports.
gallop prices
“To encourage efforts for blending of fuels, an additional excise duty of Rs 2 per liter will be levied on non-blended fuels from the first day of October 2022,” Finance Minister Nirmala Sitharaman said in her budget speech on Tuesday.
But in the absence of further elaboration, it seems the government will introduce it as a ‘climate action tax’ to offset part of the excise duty relief provided on November 4 last year.
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