Covid-19 disruptions may further spike duty on petrol, diesel after Tuesday’s unprecedented hike

The unprecedented increase in excise duty on petrol and diesel by Rs 10 and Rs 13 per litre on Tuesday may not be the end of the government’s exercise to fleece the two petroleum products for additional revenue this year.

Sources indicated that another Rs 3-6 per litre increase in excise duty on petrol and diesel may come midway during the year if the government felt the need to mobilise more resources to finance additional economic recovery packages to fight Covid-19 related disruptions.

Read More: http://bhaskarlive.in/covid-19-disruptions-may-further-spike-duty-on-petrol-diesel-after-tuesdays-unprecedented-hike/