Govt waives excise duty on ethanol-blended petrol 
News Updates

Govt waives excise duty on ethanol-blended petrol

The duty waiver is applicable on E22, E25, E27 and E30 variants of petrol

PSU Watch Bureau

New Delhi: The government has waived excise duty on variants of ethanol-blended petrol, a notification by the finance ministry said.

Follow The PSUWatch Channel on WhatsApp

The duty waiver is applicable on E22, E25, E27 and E30 variants of petrol.

In the notification, the ministry said excise duty will be 'nil' on petrol with 22 percent, 25 percent, 27 per cent and 30 percent ethanol blend.

The excise duty waiver is aimed encouraging customers to move towards ethanol-blended petrol.

The move come against the backdrop of petrol and diesel prices rising by nearly Rs 7.50 a litre in the second half of May.

Follow PSU Watch on LinkedIN

Also read:India launches E85 Fuel at Rs 20/litre discount to petrol, aims to push flex fuel usage

The government had in March cut excise duty on petrol and diesel by Rs 10/litre, foregoing over Rs 1 lakh crore of annual revenue. This was aimed at shielding domestic customers from the surge in global crude oil prices amid the West Asia war.

(PSU Watch is India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy. 👉 Click to join our channel now: PSUWatch WhatsApp Channel. Prefer LinkedIn? Follow PSU Watch on LinkedIN. Click to stay connected on Twitter here and stay updated)

Also Read

ACC extends deputation of IAS officer Abhimanyu Kumar as PS to Amit Shah till Jan 29

PESB names Akhilesh Kumar for BEML's Director (Finance) post

Govt discusses parallel distribution licensing framework to give consumers choice of power supplier

India viewed as fair jurisdiction where international commercial disputes resolved efficiently: CJI

Bank of Baroda profit falls 48% to Rs 1,783 crore in Q1 due to one-time payout in NMC Group case