The Centre on Monday announced an increase in excise duty on petrol and diesel by Rs 2 per litre each, PTI reported. The changes will come into effect from Tuesday.
The excise duty on petrol was increased to Rs 13 per litre and that on diesel to Rs 10, the order said.
Central Government raises excise duty by Rs 2 each on petrol and diesel: Department of Revenue notification pic.twitter.com/WjOiv1E9ch
— ANI (@ANI) April 7, 2025
While the order did not say what impact it will have on retail prices, PTI quoted industry sources as saying that the retail prices are unlikely to be changed. The increased excise duty is likely to be adjusted against the cut in petrol and diesel prices that was warranted because of a fall in international oil prices, it reported.
(This is a developing story. More details to follow.)
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