By: TP News     Date: 3/14/2020 10:15:35 AM

New Delhi :

Excise duty on petrol and diesel was on Saturday hiked by Rs 3 per litre as the government looked to mop up gains arising from fall in international oil prices.

Special excise duty on petrol was hiked by Rs 2 to Rs 8 per litre in case of petrol and to Rs 4 in case of diesel, an official notification said.

Additionally, road cess on petrol was raised by Rs 1 per litre each on petrol and diesel to Rs 10.

Excise duty, Petrol excise duty, diesel excise duty

One litre of petrol in Delhi costs Rs 69.87 while diesel ispriced at Rs 62.58 per litre. The price of petrol and diesel has already fallenby more than Rs 6 since January.

The increase in excise duty would in normal course result ina hike in petrol and diesel prices but most of it would be adjusted against thefall in rates that would have necessitated because of the slump ininternational oil prices.