GOVERNMENT INCREASES EXCISE DUTY, FUEL PRICES LIKELY TO HIKE

Highlights:

• The government of India has decided to escalate the excise duty.
• This move will have a great impact on fuel prices.
• The price of Diesel and Petrol is likely to hike.

With the fall in crude oil prices, the government of India has increased excise duty on petrol and diesel. This move will help the government generate more revenue during the crucial fiscal situ....