Petrol and diesel prices hike coming after Budget 2021? Here is the answer
Has Budget 2021 made fuel costlier for you? Will petrol and diesel prices rise now after presentation of Budget 2021? Finance Minister Nirmala Sitharaman today announced imposition of Agriculture Infrastructure and Development Cess (AIDC) on petrol and diesel. The AIDC of Rs 2.5 per litre has been imposed on petrol and Rs 4 per litre on diesel. What will this do the pockets of the common man?
Consequent to the imposition of AIDC government reduced the Basic Excise Duty (BED) and Special Additional Excise Duty (SAED) rates on petrol and diesel prices