Years
The order states that the Central Government has imposed an increased fee in public interest under Section 5A of the Central Excise Act, 1944 and Section 147 of the Finance Act, 2002. The decision has come at a time when there has been uproar in markets around the world after US President Donald Trump announced unprecedented tariffs on import of several products.
According to the notification of the revenue department, the central government has increased excise duty by Rs 2 per liter on both petrol and diesel. The notification states that the revised excise duty will be applicable from April 8, 2025. According to the order, excise duty on petrol has been increased to Rs 13 per liter and diesel by Rs 10 per liter. The Ministry of Petroleum and Natural Gas posted on X, “PSU oil marketing companies have informed that there will be no increase in retail prices of petrol and diesel after the increase in excise rates today.”
The order states that the Central Government has imposed an increased fee in public interest under Section 5A of the Central Excise Act, 1944 and Section 147 of the Finance Act, 2002. The decision has come at a time when there has been uproar in markets around the world after US President Donald Trump announced unprecedented tariffs on import of several products. However, public sector oil marketing companies (OMCs) have informed that there will be no increase in retail prices of petrol and diesel after the increase in excise rates today.
Central Government raises excise duty by Rs 2 each on petrol and diesel: Department of Revenue notification pic.twitter.com/WjOiv1E9ch
– years (@ani) April 7, 2025
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