Govt hikes excise duty on diesel, petrol by Rs 2/litre

According to sources, the oil marketing companies' over-recovery on petrol and diesel now stand at Rs 5 per litre post the hike

The government has hiked excise duty on diesel and petrol by Rs 2 per litre, making it the fourth hike in three months.

The excise duty on unbranded petrol has been hiked to Rs 8.95 per litre, branded petrol to Rs 10.10, unbranded diesel to Rs 7.96 and branded diesel to Rs 10.25 per litre.

According to sources, the oil marketing companies' over-recovery on petrol and diesel now stand at Rs 5 per litre post the hike.

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