The move, announced through a government notice, comes after oil prices tumbled in global markets. Additionally, Oil Minister Hardeep Singh Puri has also announced a 50-rupee hike in the prices of LPG cylindersread moreThe Indian government on Monday (April 7) raised excise duty on petrol and diesel by ₹2 per litre, as per a notification issued by the Department of Revenue, Ministry of Finance.However, the government has clarified that despite an increase in excise duty, there will be no increase in retail prices and the burden of the increased cost will be borne by the Public Sector Undertakings or government-owned firms.Additionally, Oil Minister Hardeep Singh Puri has also announced a 50-rupee hike in the prices of LPG cylinders. The new price of a 14.2 kg LPG cylinder is 853 rupees.Advertisement(This is a developing story)Tagscrude oilIndiaEnd of Article
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India raises export, excise duty on petrol, diesel by 2 rupees per litre
