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What's the Petrol-Diesel Price after application of Agri infra Cess, Check!
The 'Agri Infra Cess' of Rs 2.5 per liter on petrol and Rs 4 per liter on diesel has been proposed in the budget of 2021-22. However, the government has made it clear that this will not affect the pocket.
New Delhi: In his budget speech, the Finance Minister has once again reiterated the Government's promise to double the income of farmers. To give a boost to the agriculture sector, the central government has announced agri infra cess on petrol and diesel.
Agri infra cess on Petrol:
The 'Agri Infra Cess' of Rs 2.5 per liter on petrol and Rs 4 per liter on diesel has been proposed in the budget of 2021-22. However, the government has made it clear that this will not affect the pocket of the public nor will it increase the prices of petrol and diesel.
The government has imposed agriculture cess after reducing the rates of basic excise duty and special additional excise duty. The money received from this cess will be used for the development of the agricultural sector.
Agriculture Infrastructure and Development Cess:
During the budget speech, the Finance Minister said, 'There is an urgent need to improve agricultural infrastructure so that we can produce more. This will ensure enhanced remuneration for our farmers. To determine the resources for this purpose, I propose an Agriculture Infrastructure and Development Cess (AIDC). However, while applying this cess, we have taken care not to impose additional burden on consumers on most items.
Price of Diesel and Petrol:
Prices of petrol and diesel are continuously increasing in the country. Oil prices are at an all-time high. Petrol in Mumbai has reached the level of Rs 92.80 per liter while diesel is running at Rs 83.30 per liter. Talking about Delhi, petrol is selling at Rs 86.30 per liter, while diesel is selling at Rs 76.46 per liter.
The all-time high level of petrol in Delhi was Rs 84 per liter on October 4, 2018. Diesel also reached its all-time high of Rs 75.45 per liter on the same day. Then the government had cut customs duty on petrol and diesel by Rs 1.50 per liter. Government oil companies also carried a burden of Re 1 per liter.