The Central government of India has recently announced an increase in excise duty on petrol and diesel by Rs 2 per litre, bringing the total excise duty on petrol to Rs 13 per litre and diesel to Rs 10 per litre. This hike, effective from April 8, is not expected to impact retail prices significantly as it is anticipated to balance out the recent decrease in international oil prices. The move aims to boost government revenue amidst economic challenges. Stay updated for any further developments on fuel prices in India.