💨 Abstract

The Congress criticized the government for increasing excise duty on petrol and diesel by Rs 2 per litre each, despite a 41% drop in international oil prices since May 2014. The government's action was seen as adding to the public's suffering amidst the stock market losses. Despite the tax hike, PSU Oil Marketing Companies have stated that there will be no increase in retail prices of petrol and diesel.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖