Initializing...

Top Retail Brands

Branded petrol price cut by over Rs 5/litre

Price of branded or premium petrol was on Thursday cut by over Rs 5 per litre after Finance Minister Arun Jaitley slashed excise duty on the fuel.

Tags: Branded petrol price cut by over Rs 5/litre

July 11, 2014  |  comments ( 0 )  | 
Branded petrol price cut by over Rs 5/litre

By PTI

 

New Delhi:  Price of branded or premium petrol was on Thursday cut by over Rs 5 per litre after Finance Minister Arun Jaitley slashed excise duty on the fuel.

 
New Delhi: Price of branded or premium petrol was on Thursday cut by over Rs 5 per litre after Finance Minister Arun Jaitley slashed excise duty on the fuel.
 
Central Excise duty on Branded Petrol was cut from Rs. 7.50 per litre to Rs 2.35 per litre.
 
Branded petrol, which contains special performance enhancing additives, attracted higher duties than normal petrol.
 
The differential excise duty led to huge difference in price of normal and branded fuel, resulting in sales of the premium version dropping to almost nil.
 
The removal of excise duty would bring the two fuels at par.
 
BPCL’s premium branded petrol - Speed — costs Rs 83.03 in Delhi while normal petrol is priced at Rs 73.55 a litre.

Related News


Comments

Please add your comment:

Rating   

Not readable? Change text.

Enter the characters as seen on the image (case insensitive)

Notify me of followup comments via e-mail

Subscribe for daily newsletter