Excise Hike
Govt ups excise duty on petrol, diesel; PSU oil cos to not hike retail price
This story was originally published at 16:09 IST on 7 April 2025
Register to read our real-time news.Informist, Monday, Apr. 7, 2025
Please click here to read all liners published on this story
--Govt increases excise duty on petrol, diesel
--Govt increases excise duty on petrol by INR 2 to INR 13/ltr
--Govt increases excise duty on diesel by INR 2 to INR 10/ltr
--Govt: Excise duty hike on petrol, diesel to come into effect Tue
--Oil min: PSU oil cos will not hike retail prices of petrol, diesel
NEW DELHI – The government has increased the special additional excise duty on petrol and diesel by INR 2 per litre each, the finance ministry said in a notification Monday.
The excise duty on petrol has been increased to INR 13 per litre from INR 11 per litre, while the duty on diesel has been hiked to INR 10 per litre from INR 8 per litre. The increase in excise duty on petrol and diesel will come into effect from Tuesday.
Despite the increase in excise duty, state-owned oil marketing companies will not increase the retail prices of petrol and diesel, the oil ministry said in a post on social media platform X. "PSU (public sector undertaking) 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 ministry said.
The development comes amid a fall in crude oil prices in recent weeks, with Brent crude oil futures slipping to below $65 per barrel. India's crude oil basket fell to $69.94 per barrel on Friday from $74.54 per barrel on Thursday. End
US$1 = INR 85.84
Reported by Shubham Rana
Edited by Tanima Banerjee
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
