Diesel production tax increased

26 August 2016 05:14 pm - 5     - {{hitsCtrl.values.hits}}

A A A

The Government has increased the production tax on diesel by Rs. 10 per liter with effect from August 20, the Finance Ministry announced today.

Accordingly, the production tax on diesel has been increased to Rs. 13 from Rs. 3.

Ministry said the market price of diesel would not be increased due to the new tax revision.

The ministry said the crude oil prices in the world market have declined and the Government has revised the production tax on diesel in order to claim the advantage from the world oil price decline.

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 5

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 
  • lkboy Friday, 26 August 2016 06:01 PM

    Oh boy, what a statement. Government has revised the tax in order to claim the advantage by the world prices going down, instead of passing the advantage on to the citizens!

    Arnold Friday, 26 August 2016 06:13 PM

    This is not going to be good.

    Premalal Friday, 26 August 2016 06:13 PM

    No business can do any credible business plan. This government was supposed to be business frendly. National budget has no meaning, price controls are enforced, taxes change like yo yos. Very business friendly.

    shan Friday, 26 August 2016 07:59 PM

    Tax means passing the benifits to all people indirectly not passing benifits tocertain group of people.

    Cobra Friday, 26 August 2016 08:27 PM

    B onions, potatoes and now diesel; all this is VAT in mufti!!!


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Bio Bubble Bursts on tissa safari drivers

Ukrainian tourists are visiting Sri Lanka at present with the involvement of

Army’s LRRP Ambush of LTTE’s Military Intelligence Chief

A news report in the Dailymirror last August stated that the Long Range Recon

“I don’t think Sri Lankans can be realistically ruled by force” -Ahimsa Wickrematunge

Twelve years after the assassination of Lasantha Wickrematunge, the founding

Decisions to be made in Sri Lanka’s hunt for the COVID-19 Vaccine

Around the world, governments are gearing up to roll out nationwide immunizat

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 


MIRROR CRICKET