Centre’s excise duty cut on petrol, diesel to cost Rs 45,000 cr to exchequer: Report

The brokerage said it now expects the fiscal deficit to come at 6.5 per cent The excise duty cuts on diesel and petrol will cost Rs 45,000 crore and lead to a 0.3 percentage point widening on the Centre‚Äôs fiscal deficit, a foreign brokerage said on Thursday. Going by the overall consumption, the costs of …

Centre’s excise duty cut on petrol, diesel to cost Rs 45,000 cr to exchequer: Report Read More »