Fuel Price Hike: Petrol and Diesel Prices Increased by ₹2 per Litre
New Delhi, 7 April (www.deccanlive.com): The Government of India has increased the excise tax on petrol and diesel by ₹2 per liter. This decision came into effect from Monday night.
The move comes at a time when crude oil prices are fluctuating globally, and trade tariffs imposed by US President Trump are affecting the world economy.
As a result, people in India will now have to pay more for petrol and diesel. The government stated that this step is necessary to strengthen the economy and increase national income.
According to the Modi government, changing oil prices in the global market and pressure from international trade taxes have impacted the country, leading to this tax hike.
