The Central government on Monday raised excise duty on petrol and diesel by Rs 2 per litre, according to an official notification by the Department of Revenue, Ministry of Finance.
The notification states that the revised excise duty will come into effect from April 8, 2025.
The excise duty on petrol was increased to Rs13 per litre and that on diesel to Rs 10, as per the order.
The Ministry of Petroleum and Natural Gas, however, has confirmed that there will be no burden on the common man as there will be no increase in retail prices of petrol and diesel.
“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 Ministry of Petroleum and Natural Gas wrote 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.#MoPNG
— Ministry of Petroleum and Natural Gas #MoPNG (@PetroleumMin) April 7, 2025
The order stated that the increased duty had been imposed by the Central government in public interest, under section 5A of the Central Excise Act, 1944 and section 147 of the Finance Act, 2002.
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Earlier in December 2024, the government had scrapped the windfall profit tax on domestic crude and fuel exports, first imposed on July 1, 2022, amid falling global oil prices.
