Government removes excise duty on ethanol-blended petrol ranging up to 30%, will your fuel expenses drop?

In a major push to promote clean energy and reduce dependence on imported crude oil, the government has eliminated central excise duties on petrol blended with higher ethanol levels, extending tax support beyond the current E20 standard. As a result, there will be a nil excise duty rate for fuel blended with ethanol at 22 per cent, 25 per cent, 27 per cent, and 30 per cent. According to a notification issued by the Ministry of Finance, Department of Revenue, the government has amended the primary excise notification dated June 2017 to completely waive excise duty on four specific high-blend fuel slabs.