New Delhi: Excise duty on petrol and diesel was on Saturday hiked by Rs 3 per litre as the government looked to mop up gains arising from fall in international oil prices.
Special excise duty on petrol was hiked by Rs 2 to Rs 8 per litre incase of petrol and to Rs 4 incase of diesel, an official notification said.
Govt raise excise duty on petrol, diesel by Rs 3 per litre
Additionally, road cess on petrol was raised by Rs 1 per litre each 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 necessitated because of slump in international oil prices.
(Input from Agencies)
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