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Petrol and diesel prices will go up by Rs 2.67 a litre and Rs 2.58 per litre, respectively, after Finance Minister Pranab Mukherjee on Friday
In his Budget speech 2010-11, Mukherjee said the government had exempted fuel from basic customs duty to give relief to the oil marketing companies. The global oil prices rose alarmingly to $112 per barrel last year.
But, with global prices comparatively low right now, the government has taken the step to improve the fiscal position by restoring basic duty and increasing excise duty.
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In his Budget speech 2010-11, Mukherjee said the government had exempted fuel from basic customs duty to give relief to the oil marketing companies. The global oil prices rose alarmingly to $112 per barrel last year.
But, with global prices comparatively low right now, the government has taken the step to improve the fiscal position by restoring basic duty and increasing excise duty.
Related Search :
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