The Indian government has raised the excise duty on diesel and petrol by Rs 2 per litre on Monday, April 7. The changes will come into effect from Tuesday.
The excise duty on petrol was increased to Rs 13 per litre and that on diesel to Rs 10, the order said.
The retail prices are unlikely to be changed. The increased excise duty is likely to be adjusted against the cut in petrol and diesel prices that was warranted because of a fall in international oil prices.
The ministry of petroleum and natural gas posted on X, “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.”
The order states that the increased duty has been imposed by the Central government in public interest, under the ambit of section 5A of the Central Excise Act, 1944 and section 147 of the Finance Act, 2002.
In December 2024, the government removed the windfall profit tax on locally produced crude and fuel exports owing to falling global oil prices.
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