The Indian government has recently announced a hike in LPG prices across all categories, including Ujjwala beneficiaries. Additionally, there has been an increase in the special additional excise duty on petrol and diesel by Rs 2 per litre. This move is likely to impact households and businesses across the country. The rise in LPG prices comes at a time when consumers are already facing the brunt of increasing fuel costs. The decision to raise excise duty on petrol and diesel could further burden the common man as it is expected to lead to a rise in transportation and commodity prices. The government has cited global market trends and fluctuations in crude oil prices as the reasons behind these price hikes. It remains to be seen how these increases will affect the overall inflation rate and the economy. Consumers are advised to brace themselves for higher expenses in the coming months as a result of these price revisions. Stay tuned for more updates on this developing story.
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Government hikes LPG prices for all, raises petrol and diesel excise duty by Rs 2 per litre.
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