Visionary

  • 14/09/2008

  • Down To Earth

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
Diesel
  • Increase selling price in smaller increments