Th government on Saturday raised excise duty on petrol by 37 paise per litre and on diesel by Rs.2.
Including additional and special excise duties, the total levy now on unbranded, or normal, petrol will be Rs.19.73 per litre, while that for diesel will be Rs.13.83.
The excise duty was last hiked on December 16, on petrol by Rs.1.17 per litre and on diesel by 30 paise a litre. This is the third excise hike this fiscal, including on November 7 last year.
As part of the fortnightly revision in fuel prices, petrol rates were cut from the New Year on Friday by 63 paise a litre and diesel by Rs.1.06 a litre, owing to plunging global crude oil rates.
Petrol currently costs Rs.59.35 per litre in Delhi, while diesel costs Rs.45.03 a litre.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app