Daijiworld Media Network - New Delhi (MS)
New Delhi, Mar 14: In spite of the falling international oil prices, the union government increased the excise duty on petrol and diesel by Rs three per litre from Saturday, March 14.
Now the excise duty on diesel will be Rs four per litre with the increase and petrol has gone upto Rs eight per litre after the increase of Rs 2 as per the official notification taken out by the union government.
In addition to the increase in special excise duty Rs one per litre was increased for both fuels as road cess, which takes the amount to Rs 10 road cess per litre.
Generally the hike in excise duty is done at a time when the international fuel prices shoot up. However, it is reportedly being said that the union government wants to cash in on the falling prices of fuel in the international market by raising the excise duty and cess.