Govt hikes fuel tax, but no impact on consumers ...Middle East

The Centre on late Tuesday night raised excise duty on petrol and diesel, the second increase in a little over a month, aimed at soaking up the benefit of a sharp fall in crude prices in the last two months. But there will be no impact on consumers as the state-run oil companies have been asked to adjust the impact against their hefty margin.

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Govt hikes fuel tax, but no impact on consumers ...Middle East

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