Excise duty rates on petrol, diesel calibrated to generate resources for infra development: Finance ministry

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NEW DELHI: The excise duty rates on petrol and diesel have been calibrated to generate resources for infrastructure building and other developmental expenditure keeping in view the prevailing fiscal situation, minister of state for finance Pankaj Chaudhary said on Tuesday.
In a written reply to a question in the Rajya Sabha, the minister said petrol price had gone up by Rs 3.83 a litre in May, Rs 4.58 in June and Rs 2.73 in July (up to July 16).
In April, the prices of petrol and diesel were revised down by Rs 0.16 and Rs 0.14 a litre, respectively.
The retail selling price of diesel rose by Rs 4.42 a litre in May, Rs 4.03 in June and Rs 0.69 in July (up to July 16).
The retail selling price of petrol and diesel in Delhi on July 16, 2021, stood at Rs 101.54/litre and Rs 89.87/litre respectively, he said.
“The excise duty rates on petrol and diesel have been calibrated to generate…

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