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Centre loses Rs 14,000 crore after petrol, diesel excise duty cut
The Centre has forgone nearly Rs 14,000 crore in tax revenue after cutting fuel excise duty amid rising crude oil prices linked to the West Asia crisis.
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thehindubusinessline.com
State-owned fuel retailers losing nearly ₹600 crore daily despite price hikes
State-owned fuel retailers in India are losing ₹600 crore daily, with government revenue impacted by ₹14,000 crore monthly due to duty cuts.
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newsbytesapp.com
Why Modi government is staring at ₹1L crore revenue hit
Finance Minister Nirmala Sitharaman announced that reducing excise duties on petrol and diesel will lead to a ₹1 lakh crore revenue shortfall for the government.
