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No Excise Duty on Petrol & Diesel, But Road Cess of Rs 8 Levied

Officials said it would have no impact on the fuel prices for the end user.

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India
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The Budget for 2018-19 has proposed a levy of road and infrastructure cess of Rs 8 per litre on petrol and high-speed diesel oil while abolishing an additional duty of excise of Rs 6 on the same account, but officials said it would have no impact on the fuel prices for the end user.

The basic excise duty on unbranded petrol was slashed by Rs 2 from Rs 6.48 per litre and on branded petrol from Rs 7.66 per litre. Similarly, on unbranded diesel, the additional excise duty was brought down from Rs 8.33 per litre to Rs 6.33 per litre and on branded diesel from Rs 10.69 per litre to Rs 8.69 per litre.

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The 5 percent road and infrastructure cess on ethanol-blended petrol up to 10 percent and bio-diesel up to 20 percent has been abolished.

Road and infrastructure cess on petrol and diesel manufactured in and cleared from four specified refineries in the northeast has been levied at Rs 4 per litre.

However, Finance Secretary Hasmukh Adia told a post-Budget media briefing that the changes won't affect the customer. Only the devolution of cess has been changed, he said.

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Topics:  Fuel prices   Budget 2018 

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