Govt hikes excise duty on petrol, diesel by ₹2/litre; no change in retail prices

THE government on Monday hiked excise duty on petrol and diesel by Rs 2 per litre each but there will be no change in retail prices as the increase will be adjusted against the price cut that was warranted because of falling international oil prices.

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The excise duty on petrol was hiked to Rs 13 per litre and that on diesel to Rs 10 a litre, an official order showed.

The increase in duties will “come into force on the 8th day of April, 2025,” it said.