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 on diesel to Rs 10 per litre. This hike in excise duty is expected to balance out the reduction in international oil prices, thus retail fuel prices are unlikely to see any significant change. The new excise duty rates came into effect on April 8, impacting consumers across the country. This move by the government aims to boost revenue amid economic challenges and ensure stability in fuel prices. Stay updated for any further developments on fuel pricing in India.