India raises factory gate duties on petrol, diesel: TV channels

Published Fri, Jan 16, 2015 · 12:44 PM

[NEW DELHI] India raised factory gate duties on petrol and diesel by 2 rupees (US$0.03) a litre each on Friday, two private news channels reported, the fourth since the government lifted diesel price controls in October.

The government has raised the duties to cash in on lower world oil prices to bolster government finances without stoking inflation.

India last raised excise duties on petrol and diesel on Jan 1 to fund infrastructure projects in the current and next fiscal years.

REUTERS

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International

International

India raises factory gate duties on petrol, diesel: TV channels

KEYWORDS IN THIS ARTICLE

International

Sunak says UK to raise defence spending amid global threats

China’s central bank hints it may add treasury bond trades to policy toolkit

US business activity cools in April; inflation measures mixed

India’s inflation at risk from extreme weather, geopolitical issues: central bank

Thailand to replace military-appointed Senate, reduce its powers

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