Centre raises excise duty on petrol by ₹10 per litre and on diesel by ₹13

New Delhi: The government on Tuesday raised the excise duty on petrol by a steep ₹10 per litre and on diesel by ₹13 petrol litre to mobilise revenue collections at a time when the global oil prices are extremely low.

Two separate official notifications said that additional excise duty on petrol has been raised by ₹8 and special additional excise duty of ₹2 a litre has also been levied on it to give effect to a ₹10 a litre increase on petrol. In the case of diesel, additional excise duty has been raised by ₹8 and special additional excise duty by ₹5. The changes are effective from Wednesday.

A government official said that retail sale prices of petrol and diesel will, however, not change on account of this increase in duties. The price hike will be absorbed by Oil Marketing Companies leading to no increase in retail prices of fuel at the pump.