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Last Updated : Mar 24, 2020 02:55 PM IST | Source: Moneycontrol.com

Big Story | The Finance Bill amendment may cause your fuel bill to rise

Moneycontrol's Sakshi Batra explains why is this being done when crude oil prices are hovering near all-time lows and what will the government use this mop up for.

The parliament passed the Finance Bill on March 23 and as part of the amendments to the bill, the government has increased the cap on special additional excise duty from Rs 10 to Rs 18 on petrol and from Rs 4 to Rs 12 on diesel. The amendment gives powers to the government to raise the duty by up to Rs 8 per liter on both petrol and diesel at any time it wishes.

In his episode of the Big Story, Moneycontrol's Sakshi Batra explains why is this being done when crude oil prices are hovering near all-time lows and what will the government use this mop up for.

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First Published on Mar 24, 2020 02:55 pm
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