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Hike in excise duty on fuel makes Centre's purse fat, States' lean
Minister for Petroleum and Natural Gas Dharmendra Pradhan's statement earlier this week that many State governments have drastically increased value-added tax on petroleum products appears contrary to facts. It is the Centre that has raked in huge revenues out of petrol products. ]21.48 per litre respectively to offset steep reduction of global crude prices, from of $123.61 in March 2012 to $50.63 in August, 2017. Prices of petroleum products would considerably fall in such an event.
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