Excise duty on petrol hiked by Rs 1 per litre, diesel by Rs 1.50, 4th hike in over one month

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The central government on Saturday evening announced it was hiking excise duty on petrol by Rs 1 per litre and on diesel by Rs 1.50.

This comes less than a fortnight after the Narendra Modi government announced it was had hiked excise duty on petrol and diesel by 75 paise and Rs 1.83 per litre respectively.

Congress advt 2

Indian government was slammed for playing a cruel joke on consumers by first announcing cuts in retail prices of petrol and diesel before hiking excise duty in petroleum products two hours later.

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This despite the crude oil prices slumping to 12-year low of under USD 30 per barrel in international market.

This is the fourth time in little over a month that government has hiked excise duty on diesel and petrol.

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The government had on 17 December raised excise duty on petrol by 30 paise and that on diesel by Rs 1.17 per litre.

This was followed by a 37 paise increase in the levy on petrol from 3 January and Rs 2 per litre on diesel.

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