Petrol Diesel Latest News: The Central Government has taken a big decision regarding diesel. There has not been any reduction in the prices of petrol and diesel in the domestic market for several consecutive months, but now soon there will be a big drop in the prices of fuel. Know what is the government’s plan-
Petrol Diesel Price Big Update: The Central Government has taken a big decision regarding diesel. There has not been any reduction in the prices of petrol and diesel in the domestic market for several consecutive months. In such a situation, the government has made a big cut in the windfall tax on diesel. At the same time, experts believe that soon there can be a big cut in the prices of petrol and diesel in the domestic market.
- Who will be affected?
Let us tell you that this time it has been decided to make a big cut in the windfall tax which is revised every 15 days. However, the general public will not get the benefit of this. At the same time, its effect will be visible on the companies which earn from exports.
- How much tax reduced?
The windfall tax on crude oil has been reduced to Rs 4900 i.e. $60.34 per tonne. Apart from this, it has also been decided to reduce the tax on export of diesel to Rs 8 per litre.
- What is windfall tax?
Explain that this is a kind of tax which is imposed on earning more than a fixed profit made by the producer. This tax is imposed on refining companies. It is levied keeping in view the margin received from foreign shipments.
- Review happens in 15 days
Windfall tax is reviewed by the government every 15 days. At present, there are many countries which collect tax on the huge earnings of energy companies.
- Petrol-diesel will soon be cheaper
If we talk about reduction in the prices of petrol and diesel, then soon petrol can be cheaper by Rs 14 and diesel by Rs 12. There is a possibility of a big fall in the prices of crude oil in the global market. According to experts, at this time the price of Brent crude has continuously fallen and reached the level of January. At the same time, there has not been any reduction in the prices of domestic oil during this period, so it is believed that soon there will be a huge reduction in the prices of petrol and diesel.
