Excise duty on petrol and diesel hiked by Rs 3 per litre

The excise duty of petrol and diesel was hiked by Rs 3 per litre by the government, in a bid to mop up gains arising from fall in international oil prices. As per the official notification, the special excise duty on petrol was hiked by Rs 2 to Rs 8 per litre in case of petrol and to Rs 4 in case of diesel. Apart from this, the road cess on petrol was also raised by Rs 1 per litre each on petrol and diesel to Rs 10.