Petrol Excise Duty News: The government has told a good news to the people. Excise duty on ethanol mixed petrol has been abolished. This means that now excise duty will not be imposed on petrol with 22% to 30% ethanol. This news is no less than a gift for the general public. Now, if the demand for cheap petrol containing ethanol will increase, it will benefit not only the general public but also the farmers, since ethanol is produced mainly from sugarcane, corn and spoiled grains.

Let us tell you that the price of crude oil is increasing so much that now it has reached $ 114 per barrel. Its direct effect is that the import bill is increasing. In such a situation, the government has laid emphasis on alternative fuels, so that imports can be reduced and the condition of the rupee can also be improved.

What is excise duty?
Excise duty i.e. excise duty is an indirect tax, which is imposed on things manufactured or produced within a country. Excise duty is mainly imposed on products like liquor, tobacco and petroleum.

There is no change in the price of gas cylinder, know the rates of domestic and commercial LPG from Delhi to Patna.

Rules for zeroing out excise duty-
According to the new order of the government, now excise duty on petrol having ethanol blend of 22%, 25%, 27% and 30% has been abolished. The only condition in this decision is that this fuel should be prepared as per the rules and standards of Bureau of Indian Standards (BIS).

Which fuel is cheaper, E85 or E20?
E20 i.e. 20 percent ethanol mix petrol was being promoted in the country, but to keep the country safe amid global turmoil, India has recently launched E85 fuel in the market. E85 fuel is 85 percent ethanol and 15 percent petrol. Let us tell you that E85 fuel is cheaper by Rs 20 per liter than E20.