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⚡Petrol, Diesel Cess: Re 1 to be Levied as Excise Duty, Road And Infrastructure Cess on Fuel

By Team Latestly

'I propose to increase special additional excise duty and road and infrastructure cess each one by 1 rupee a litre on petrol and diesel,' Sitharaman said during her Budget 2019 speech. The non-populist move comes amid fears of a global crude oil rate hike, due to the escalating tensions in Gulf of Oman where a military confrontation is feared between Iran and the US.

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