Govt made Rs 1.99 lakh crore from levies on petrol, diesel in 2015-16

ETAuto.comGovt made Rs 1.99 lakh crore from levies on petrol, diesel in 2015-16ETAuto.comThough the lower oil prices substantially reduced India's oil bill as the country depends on 80% imports, domestic prices were kept high by increasing central excise duties. The excess revenue earned was meant to fund government's social sector schemes.and more »

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