Petrol consumption is estimated to increase 14 percent in 2021-22 and diesel by 10 percent on the lower base, rise in mobility and economic recovery, ICRA said. The rating agency added that it will result in an additional Rs 40,000 crore in revenue for the government through higher collections of the cess.Higher petrol, diesel consumption can help govt cut fuel cess without impacting revenues: ICRA
Petrol consumption is estimated to increase 14 percent in 2021-22 and diesel by 10 percent on the lower base, rise in mobility and economic recovery, ICRA said. The rating agency added that it will result in an additional Rs 40,000 crore in revenue for the government through higher collections of the cess.
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