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Comments of Mr. A N Sinha, Essar Oil Ltd on the Union Budget 2007-08
February 28, 2007    

Impact of concession on gas distribution is a positive step. But other wise, there is hardly any incentive or relief given to any of the segments of petroleum industry. Reduction in advalorem duty from 8% to 6% on petrol and diesel will result in marginal relief. This also has been partly eroded by increase in education cess which adds to the cost of feedstock for refineries.


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