Petrol, diesel prices at record high! Can PMO afford to relax excise duty?

OMCs like HPCL, IOCL and BPCL take into consideration the international crude oil prices, government’s excise duty and various state's Value Added Tax (VAT) to derive the final retail prices of fuel products including petrol and diesel.

Petrol, diesel prices at record high! Can PMO
Prime Minister Narendra Modi at a press conference. Image Source: IANS

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