Centre Raises Excise Duty on Fuel: ₹13/Litre on Petrol, ₹10/Litre on Diesel

The Centre has raised the excise duty on fuel, increasing it by ₹4 per litre on petrol and ₹4 per litre on diesel. This hike in excise duty will likely lead to an increase in the retail prices of petrol and diesel, impacting consumers and potentially contributing to inflationary pressures. The government's decision to raise excise duty could be aimed at increasing revenue or managing fiscal deficits. The impact on transportation costs and overall inflation will be closely watched.