NEW DELHI: Indian Government deliberated customs duty at 2.25% in the Union Budget 2015-16.This plan will successfully reduce the impact of falling international crude prices.
According to sources, more excise hike on fuel has also not been ruled out in the union budget.
Meanwhile, for the fourth time since November, excise duty on diesel and petrol prices was hiked on Friday denying the customers a benefit of Rs 7.75 per litre reduction in petrol and Rs 6.50 a litre cut in diesel rates that was warranted due to the slump in oil price to USD 46 per barrel.
