
Excise Duty on Petrol and Diesel Increased | Fuel Tax Hike Explained for Government Exams
Government Increases Excise Duty on Fuels In a significant development, the central government has increased the excise duty on petrol and diesel, aiming to boost revenue amidst fiscal pressures. The latest hike has raised the excise duty on petrol by ₹2 per litre and diesel by ₹1 per litre, effective immediately. This decision has implications…