Cess on petrol and diesel increased by ₹1 in Madhya Pradesh
The Madhya Pradesh government on Friday raised the cess on petrol and diesel by ₹1 to make up for decline in revenue collection due to coronavirus outbreak, an official release said.
As per an order of the Commercial Tax Department, the rise will come into effect from June 13.
A cess of ₹3.50 and ₹2 was being charged on petrol and diesel, respectively, in Madhya Pradesh.
With the hike, cess on petrol will be ₹4.50 and that on diesel will be ₹3 per litre.
It is estimated that the increase in cess will bring additional revenue of ₹200 crore from petrol sale and ₹370 crore from diesel sale annually for the government.