BIG BREAKING: Good news for oil and sugar companies! 12%-20% excise concession on ethanol-blended petrol, diesel; no green tax from October 1
The government has announced a concession in excise duty for 12%-15% ethanol-blended petrol, and 20% on blending it with diesel. The move was aimed at bringing down the price of the fuel, Zee Business correspondent Ambarish Pandey said.
The sugar and oil companies will notice less tax burden in the coming days. Pic: Zee Business