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  • Excise duty on petrol up by 37 paise, diesel by Rs 2

    Published on January 3, 2016

    New Delhi:  Government on Saturday hiked excise duty on petrol by 37 paise per litre and by Rs. 2 a litre on diesel. This is the second increase in duties in just over two weeks.

    However, there will be no increase in retail selling price of petrol and diesel.Revenue Secretary Hasmukh Adhia tweeted that the increase in excise duty on petrol and diesel will not result in any increase in their current retail price.

    Adhia said the duty hike would result in additional resource mobilisation of over Rs. 4,300 crore.

    Basic excise duty on unbranded or normal petrol has been increased from Rs. 7. 36 per litre to Rs. 7.73 and on unbranded diesel it has been increased from Rs. 5.83 to Rs. 7.83 per litre.

    The basic excise duty on branded petrol has been raised from Rs. 8.54 per litre to Rs. 8.91and the same on branded diesel from Rs. 8.19 to Rs. 10.19 a litre