Excise duty on Petrol and Diesel increased by 3 rupees a litre

The central government has hiked excise duty on petrol and diesel by 3 rupees per litre. However, their effective pricing is likely to observe minimal change due to the sharp fall in international oil prices.

Meanwhile, fuel prices in India were slashed on Friday due to slump in demand as the coronavirus was declared a pandemic by the World Health Organisation (WHO). The price of petrol was reduced by 15-16 paise and that of diesel by 12-13 paise across all metro cities in the country.

According to the official website of Indian Oil Corporation (IOC), the price of petrol in Delhi on March 13 was Rs 70.14 per litre while in Mumbai, the retail price of petrol was Rs 75.84 per litre. In Kolkata, petrol was sold at Rs 72.83 per litre while in Chennai, the retail pump price of petrol was Rs 72.86 per litre.

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