New Delhi: The Union Government have hiked the excise duty on petrol and diesel.
The excise duty on petrol has been hiked by Rs. 2.25 and Rs. 1 on diesel.
The Government have taken this step to reduce the fiscal deficit on India. The state Governments may also take the same step and hike the excise duty of their share.
A few days ago, the petrol and diesel prices were reduced but now again the prices have been increased with the increase in excise duty.
