Amid fall in crude oil prices, Govt hikes excise duty on petrol, diesel

Road cess was raised by Rs 1 per litre on petrol and diesel to Rs 10

petrol rep Representational image | PTI

Excise duty on petrol and diesel was on Saturday hiked by Rs 3 per litre as the Central government looked to mop up gains arising from fall in international oil prices.

Special excise duty was hiked by Rs 2 to Rs 8 per litre in case of petrol and to Rs 4 in case of diesel, an official notification said.

Additionally, road cess was raised by Rs 1 per litre on petrol and diesel to Rs 10.

The increase in excise duty would in normal course result in a hike in petrol and diesel prices but most of it would be adjusted against the fall in rates that would have been necessitated because of slump in international oil prices.

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