Tag Archives: No hike in petrol

No hike in petrol, diesel prices despite higher excise duty

Petrol and diesel prices will not be increased following government’s decision to hike excise duty by Rs 1.60 per litre and 40 paise a litre respectively as state-owned oil companies have decided to absorb the raise for the time being. The government late last night raised excise duty on petrol and diesel to mop up additional revenue to meet budgetary ... Read More »