Fuel Price Hike Imminent As Govt Adjusts Excise Duty On Petrol & Diesel

The government has increased excise duty on petrol and diesel effective tomorrow, 5 May 2020 when new fuel prices will be announced.

The government has gazetted Statutory Instrument 100 of 2020 to give effect to the new excise duty on petrol and diesel.

This could mean that a fuel price hike is imminent.

See the Statutory Instrument below:

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One Comment on “Fuel Price Hike Imminent As Govt Adjusts Excise Duty On Petrol & Diesel

  1. Why were we waiting with bated breath to enjoy the drastic drop in the price ofcrude oil ?

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