Patna, Feb. 1 -- New Delhi, Feb. Feb 1: The government on Monday imposed agriculture and infrastructure development cess at the rate of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel to mobilise additional resources required for massive investment required in these two key segments of the economy that hold the key to bringing back the country on the path of growth.
However, to prevent the additional cess from impacting the retail price of two petroleum products that have already reached historically high levels across the country, Finance Minister Nirmala Sitharaman announced that rates of basic excise duty and special additional excise duty on petrol and diesel are being reduced from the existing levels.
Overall, while the agric...