Breaking News Central Government hiked Excise Duty in Petrol and Diesel

Aviral Sangal

EntMnt Ambassador
Finest Member
Mess?? By taking money from the common man? International crude prices during UPA were upwards of $115 and now its almost $50.
Petrol price during UPA was something around 75 and now it's 65. So don't give that statement.
 

Aviral Sangal

EntMnt Ambassador
Finest Member
Fiscal gains are majorly from the decline of global crude prices and the ever increasing excise duty.
It doesnt take much if you give consumers some lower prices when your procurement cost is reduced but it takes a lot to tackle the high procurement cost.
 

Prateek Marwadi

EntMnt Rockers
Finest Member
Now you didn't had anything to say you get down to this.
govt. has clearly said y they have been increasing the taxes on petrol n diesel. i think govt. is right.
n also govt. needs to collect the taxes.
if u people have problem then govt. won't do anything.
 

Prateek Marwadi

EntMnt Rockers
Finest Member
Fiscal gains are majorly from the decline of global crude prices and the ever increasing excise duty.
It doesnt take much if you give consumers some lower prices when your procurement cost is reduced but it takes a lot to tackle the high procurement cost.

fiscal gains or deficit is altogether a different concept.
govt. is collecting the taxes for the same purpose which u mentioned in the highlighted area.
 
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