The Central government has recently announced an increase in excise duty on petrol and diesel by Rs 2 each, bringing the total duties to Rs 13 per litre for petrol and Rs 10 per litre for diesel. This move, effective from April 8, is expected to help offset the reduction in international oil prices and ensure that retail prices remain stable. The decision comes amidst the ongoing fluctuations in global oil markets and aims to maintain revenue streams for the government. The hike in excise duty is likely to have an impact on consumers, as it may prevent a significant decrease in fuel prices at the pumps. Stay updated for any further developments on this matter as it unfolds.