The federal government has elevated the excise obligation on petrol and diesel by Rs 2 per litre every, in accordance with an official order dated April 7. The brand new charges can be efficient from midnight.
The excise obligation on petrol was elevated to Rs 13 per litre and that on diesel to Rs 10, the order stated.
“The Particular Extra Excise Responsibility (SAED) has been elevated by Rs. 2/litre every on petrol and diesel. There isn’t a change within the Fundamental Excise Responsibility (BED) charge. The quantity collected by SAED is NOT part of the divisible pool of taxes,” a clarification later stated.
Customers need not fear
Firms will take successful on their margins by not rising the excise obligation hike by rising the costs of petrol and diesel, in accordance with the Zee Enterprise sources.
In a submit on X (earlier Twitter), Ministry of Petroleum and Pure Gasoline, wrote, “PSU Oil Advertising Firms have knowledgeable that there can be no improve in retail costs of #Petrol and #Diesel, subsequent to the rise effected in Excise Responsibility Charges immediately.
PSU Oil Advertising Firms have knowledgeable that there can be no improve in retail costs of #Petrol and #Diesel, subsequent to the rise effected in Excise Responsibility Charges immediately.#MoPNG
— Ministry of Petroleum and Pure Gasoline #MoPNG (@PetroleumMin) April 7, 2025
Commenting on the elevated excise obligation on petrol and diesel, Indian Oil Corp stated, “The #ExciseDuty improve of Rs. 2 per litre on #petrol and #diesel by Central Authorities won’t be handed on to the shoppers.”
“On one hand, this can insulate the purchasers from the worth hike whereas alternatively, the collected quantity could also be utilised in direction of under-recovery of #LPG, offering reduction to Oil Advertising Firms,” it added.
The #ExciseDuty improve of Rs. 2 per litre on #petrol and #diesel by Central Authorities won’t be handed on to the shoppers.
On one hand, this can insulate the purchasers from the worth hike whereas alternatively, the collected quantity could also be utilised in direction of under-recovery…
— Indian Oil Corp Ltd (@IndianOilcl) April 7, 2025
The Modi authorities throughout its 11-year rule hiked excise obligation at any time when worldwide oil costs fell.
The federal government had between November 2014 and January 2016, raised excise obligation on petrol and diesel on 9 events to remove positive factors arising from plummeting world oil costs.
In all, obligation on petrol charge was hiked Rs 11.77 per litre and that on diesel by 13.47 a litre in these 15 months that helped authorities’s excise mop-up greater than double to Rs 2,42,000 crore in 2016-17, from Rs 99,000 crore in 2014-15.
The federal government had reduce excise obligation by Rs 2 in October 2017, and by Rs 1.50 a 12 months later. But it surely raised excise obligation by Rs 2 per litre in July 2019. It once more raised excise obligation on March 2020, by Rs 3 per litre every.
Excise obligation was raised by Rs 13 and Rs 16 per litre on petrol and diesel between March 2020 and Might 2020.
However within the following years, it rolled again the Rs 13 and Rs 16 per litre excise obligation hike as worldwide oil costs soared. This helped deliver down petrol costs from a document hike of Rs Rs 105.41 a litre in Delhi and highest ever diesel charge of Rs 96.67.
Simply earlier than common elections have been introduced final 12 months, the federal government had reduce petrol and diesel costs by Rs 2 a litre every.
Petrol presently prices Rs 94.77 a lire in Delhi and Rs 87.67 is the worth for a litre of diesel.
With inputs from companies
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