New Delhi: In a rare move, the Centre increased excise duty on petrol and diesel by ₹2 per litre, effective from April 8, 2025, but assured no immediate rise in retail prices. The Petroleum Ministry confirmed oil companies won't pass this tax hike to consumers.
The government has set the new excise duty at ₹13 per litre for petrol and ₹10 per litre for diesel. This tax increase operates under provisions of the Central Excise Act, 1944 and the Finance Act, 2002.
