The special additional excise duty on petrol and diesel has been reduced by ₹10 per litre each.
Petrol excise duty: ₹13/litre → ₹3/litre
Diesel excise duty: ₹10/litre → ₹0/litre
The move is aimed at easing pressure on oil companies amid rising global crude prices.
Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.