Apr 07, 2025 06:05 PM IST
The excise responsibility on petrol was elevated to ₹13 per litre and that on diesel to ₹10, as per the division of income’s order.
The union authorities has raised excise responsibility by ₹2 per litre for each petrol and diesel. The notification states that the revised excise responsibility will come into impact on April 8, 2025. The excise responsibility on petrol was elevated to ₹13 per litre and that on diesel to ₹10, as per the order.
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The Ministry of Petroleum and Pure Gasoline, nevertheless, knowledgeable the lots that the retail costs of petrol and diesel would stay the identical.
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“PSU Oil Advertising and marketing Corporations have knowledgeable that there will probably be no improve in retail costs of Petrol and Diesel, subsequent to the rise affected in Excise Responsibility Charges at the moment,” it wrote on X.
The order said that the elevated responsibility had been imposed by the Central authorities in public curiosity, beneath part 5A of the Central Excise Act, 1944 and part 147 of the Finance Act, 2002.
Congress reacts to cost hike
The Congress on Monday hit out on the authorities after they introduced a worth hike of ₹2 per litre for each petrol and diesel, accusing it of rubbing salt into the injuries of individuals.
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In a submit on X, Congress president Mallikarjun Kharge stated, “Wow Modi Ji Wow!! The worldwide crude oil costs have fallen by 41 per cent as in comparison with Might 2014, however your plundering authorities, as a substitute of lowering the costs of petrol and diesel, has elevated the Central Excise Responsibility by ₹2 every.”
“You will need to not have been glad after the small and massive traders within the inventory market misplaced ₹19 lakh crores in a single go as a result of deep ‘Kumbhakaran-like’ sleep on the tariff coverage, that your authorities has come to rub salt into the injuries!” he added.
