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There Will be No Increase in Petrol & Diesel Prices, says Prakash Javadekar

This 2021 Budget assumes great significance as it comes amid the novel coronavirus pandemic, which has led to massive economic disruption in India.

There Will be No Increase in Petrol & Diesel Prices, says Prakash Javadekar

Sentinel Digital Desk

NEW DELHI: Minister of Environment, Forest & Climate Change; Information & Broadcasting; & Heavy Industries & Public Enterprises, Prakash Javadekar said that there will be no increase in petrol and diesel prices.

Further, the Union Minister stated that there will be no additional burden on people.

Earlier today, while presenting the Union budget for the financial year 2021, Finance Minister Nirmala Sitharaman said that Farm cess of Rs 2.5/litre on petrol and Rs 4 on diesel has been proposed by the Centre.

There will be no pressure on consumers as other duties and cess was revised before the new agriculture infrastructure cess was calculated, Sitharaman said.

"Consequent to the imposition of Agriculture Infrastructure and Development Cess (AIDC) on petrol and diesel, basic excise duty and special additional excise duty rates have been reduced on them so that overall consumer does not bear any additional burden," Sitharaman said.

"Consequently, unbranded petrol and diesel will attract basic excise duty of Re 1.4, and Re 1.8 per litre, respectively.

The special additional excise duty on unbranded petrol and diesel shall be Rs 11 and Rs 8 per litre, respectively.

Similar changes have also been made for branded petrol and diesel," the Finance Minister said.

Meanwhile, the petrol price in Guwahati remains unchanged for the past last 3 days.

Currently, the petrol price today in Kamrup Metro (Assam) is Rs. 89.00 per Litre which kept unchanged since January 27.

In the last 10 days, the petrol price in Kamrup Metro has been fluctuating between Rs 88.16 and Rs 89.00.

It is to be mentioned that in the last 10 days the prices of fuel oil has been a constant growth as it is market-determined.

In Assam, the price of petrol, diesel, and liquor is said to come down from February 2021 as the state government will withdraw additional Covid related taxes.

Earlier in January 2021, State's Finance, Health and Education Minister, Himanta Biswa Sarma said, "All the additional Covid taxes imposed during the COVID-19 epidemic will be withdrawn while I will present the vote on account."

Covid taxes on these products were levied by the government last year to revive the state economy devastated after the novel coronavirus hit the state.

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