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Excise Duty On Petrol, Diesel Hiked By Rs 2; Govt Assures No Immediate Rise In Retail Prices Despite Global Volatility

With this step, the prices of both diesel and petrol are likely to increase significantly. This hike for both petrol and diesel will come into effect from April 8, 2025.

The central government has raised the excise duty on petrol and diesel by Rs 2, as per the notice issued by the Ministry of Finance mentioned on Monday. With this step, the prices of both diesel and petrol are likely to increase significantly. This hike for both petrol and diesel will come into effect from April 8, 2025. This move from the ministry came at a certain point when global prices were witnessing volatility.

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The excise duty on diesel was increased to Rs 13 per liter and petrol was increased to Rs 13 per liter.

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Petrol And Diesel Price Hike: Will People Pay More?

The Ministry of Petroleum and Natural Gas mentioned this on their X handle. They wrote, “PSU Oil Marketing Companies have informed that there will be no increase in retail prices of petrol and diesel, subsequent to the increase effected in Excise Duty Rates today.

Also Read: Share Market Bloodbath: Sensex Crashes 2,226 Points To Settle – What’s Behind The Massive Drop?

ABOUT THE AUTHOR

Astitva Raj

Astitva Raj

Astitva Raj is a news author with 1.2 years of experience in journalism. He covers a wide range of topics, including politics, health, world, science ensuring his readers stay informed about the latest trends and current events. Astitva holds a Bachelors degree in Journalism from Jagannath Institute of Management Studies affiliated to GGSIPU and PG degree in Journalism from Galgotias University. He has worked with reputable media outlets like Times Internet and ANI. In addition to his articles, Astitva runs a live blog that provides real-time updates on breaking news and trending stories. This interactive platform allows his audience to engage with the news as it happens, enhancing their understanding of important issues. Every piece of news he writes is verified by the team of News Desk before publishing. He is committed to delivering accurate and trustworthy information, making him a reliable source for readers seeking quality content. You can connect with him on Instagram for more insights and updates.

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First published on: Apr 07, 2025 04:40 PM IST


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