The Coronavirus-led lockdown announced had a debilitating effect on both central and state finances. Thus, the govt has used petroleum products as efficient vehicles to generate quick revenues. The Centre has raised duties on diesel by Rs 13/ litre and on petrol by Rs 10/litre, but thankfully this hike will not reflect on our bills. These duties have been raised to help the governments deal with the extraordinary economic situation in wake of the COVID-19 pandemic. Raising taxes on petrol and diesel gives them an efficient way of collecting higher revenues within a short period of time, although consumers have to foot the bill for this. Watch the video to know more
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