The Madhya Pradesh government on Friday raised the cess on petrol and diesel by Rs 1 to make up for decline in revenue collection due to coronavirus outbreak, an official release said.
As per an order of the Commercial Tax Department, the rise will come into effect from June 13. A cess of Rs 3.50 and Rs 2 was being charged on petrol and diesel, respectively, in Madhya Pradesh.
With the hike, cess on petrol will be Rs 4.50 and that on diesel will be Rs 3 per litre.
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It is estimated that the increase in cess will bring additional revenue of Rs 200 crore from petrol sale and Rs 370 crore from diesel sale annually for the government.
Frequently Asked Questions
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.
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Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.
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