May 29, 2020 | Investopaper
The government has increased the customs duty on petrol, diesel and kerosene by an additional Rs 10. Finance Minister Yubaraj Khatiwada has increased the customs duty on fuel through a budget statement. At the same time, an additional burden of Rs 2.5 billion has been added to the general public.
Even if the Oil corporation says that it will pay the fee from the corporation’s profit immediately, the consumer will bear the burden in the end. According to the corporation, customs duty on petrol used to be Rs 15.20 per liter. Now, the custom charge on petrol will be Rs 25.20 per liter. Likewise, the custom duty in diesel has increased from Rs 2 per liter to Rs 12 and also kerosene from Rs 2 to Rs 12.
However, the government has reduced the infrastructure tax on aviation fuel. Infrastructure tax on aviation fuel was Rs 10 per liter. This tax has been removed as the flight has been at halt due to the corona pandemic.