Visionary
Proposed fiscal reforms for automotive fuels
Petrol
- Increase selling price before state taxes and duties by Rs 2.50 per litre each month to align with full cost price
- Total increase of Rs 10.90 per litre in selling prices before taxes
- Temporary reduction in excise duty to Rs 10 per litre to be restored by March 2009
- Total increase of Rs 11.28 per litre before taxes in Bharat Stage III (BS III) petrol
- Increase selling price in smaller increments
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