Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
Associate PartnerAssociate Partner
..
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Citizens Want Excise Duty Cut by at Least 20% on Petrol Prices, Says Survey

As of Monday, the price of petrol was Rs 78.27 per litre and diesel was Rs 69.17 per litre. Cities like Mumbai paid a staggering Rs 86.08 per litre of petrol.

News18.com

Updated:May 28, 2018, 3:02 PM IST
facebookTwitterskypewhatsapp
Fuel Station
States can cut petrol price (Image: News18.com)

New Delhi: Citizens want the government to cut excise duty on petrol and diesel to be cut by at least 20%. According to a survey conducted by LocalCircles, which received over 15,000 votes, 41% of respondents said that the government should cut the excise duty by 30% and 26% said it should be cut by 20%.

As of Monday, the price of petrol was Rs 78.27 per litre and diesel was Rs 69.17 per litre. Cities like Mumbai paid a staggering Rs 86.08 per litre of petrol.

In the survey, 22% said that the excise duty should be made a flat Rs 5 on both petrol and diesel an 11% of the respondents didn’t have a view on the price rise.

petrol-diesel-1

Many citizens on LocalCircles had suggested that once petroleum products are brought under GST, the states could be allowed to add a cess to it to cover up some of their revenue losses and the centre could reimburse them yearly to balance their ledgers.

The platform conducted a second poll asking the citizens what was the best way to reduce VAT on petrol and diesel. Forty two percent said they should levy an absolute value of tax instead of percentage of base price, while 36% said that states should reduce the VAT rate itself. There were about 16% respondents who said that the states should do nothing and let higher fuel prices reduce consumption and pollution. A small 6% were unsure about what should be done.

diesel-petrol-1

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Infosys 650.60 1.10
Yes Bank 51.20 -1.16
RBL Bank 259.15 -9.69
Reliance 1,392.40 -1.54
Axis Bank 714.85 0.29
Company Price Change %Gain
Infosys 650.75 1.16
Yes Bank 51.25 -1.06
IRCTC 900.40 6.52
RBL Bank 259.25 -9.64
Indiabulls Hsg 206.20 -5.50
Top Gainers
Company Price Change %Gain
HCL Tech 1,095.15 2.88
Eicher Motors 20,521.20 2.71
Maruti Suzuki 7,440.25 2.54
SBI 275.45 1.83
Titan Company 1,348.65 1.44
Company Price Change %Gain
HCL Tech 1,095.65 2.93
Maruti Suzuki 7,439.50 2.55
SBI 275.50 1.87
HDFC 2,144.50 1.35
Bajaj Auto 3,161.35 1.22
Top Losers
Company Price Change %Gain
Adani Ports 396.10 -5.86
Bharti Airtel 360.35 -3.68
Zee Entertain 242.10 -3.33
Vedanta 146.25 -1.94
Grasim 743.15 -1.71
Company Price Change %Gain
Bharti Airtel 360.75 -3.59
Vedanta 146.10 -1.95
ONGC 141.95 -1.53
Reliance 1,392.85 -1.51
Kotak Mahindra 1,607.50 -1.31

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results