Will Petrol & Diesel Prices Rise After Centre Hikes Excise Duty By ₹2? Petroleum Ministry Clarifies

New Delhi: The Central Government on Monday increased excise duty by Rs 2 each on petrol and diesel. The Department of Revenue issued a notification in this regard.

As per the notification, the excise duty on petrol was increased to Rs 13 per litre and that on diesel to Rs 10. After the notification was issued, the Ministry of Petroleum and Natural Gas said that there would not be any increase in petrol and diesel prices.

Notification By Department of Revenue:

Notification By Department of Revenue | X/ANI

“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 said.

FPJ Shorts

Starlink To Cost ₹3,000 Per Month, Will Not Compete With Existing Telcos In India: Minister

Sikkim MP Indra Hang Subba Urges Education Ministry To Include Tribal Languages As Optional Subjects In CBSE Classes 11 & 12

Who Is Manan Anand? 'Absconding Brat' Who Reversed His Thar To Crush Elderly Scooter Rider In Jammu's Gandhinagar

'Bharat Ki Baat Sunata Hoon': Manish Tewari Shares Cryptic Post After Exclusion From List Of Speakers During Op Sindoor Debate By Congress

Ministry's Tweet:

The development came amid ongoing fluctuations in oil prices globally and tariffs imposed by US President Donald Trump.

Share Of Major Oil Marketing Companies Declined:

On Monday, shares of major oil marketing companies plunged on the Bombay Stock Exchange (BSE) Reliance Industries closed at RS 1170.95 with a decline of 2.80 per cent. Hindustan Petroleum declined by 2.27 per cent and closed at Rs 348.20, Indian Oil at Rs 128 with a 1.65 per cent decline. Bharat Petroleum shares tanked to Rs 275.65, registering a decline of 1.34 per cent.