Most fuel taxes are a percentage of the price (ad valorem) which means government's tax earning goes up as price increases. So, even if your fuel consumption is the same as a year ago, you are paying more to the government because the price of the fuel has gone up.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2CvWHx4
How govt can cut taxes on fuel without taking a hit in revenues
![How govt can cut taxes on fuel without taking a hit in revenues]()
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September 08, 2018
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