The government has increased excise duty on petrol and diesel by ₹2 per litre each to boost revenue amid fluctuating global crude oil prices and rising fiscal pressure. It’s uncertain if oil marketing companies will pass on the price hike to consumers. The last major excise duty revision was in 2020 during the pandemic. The government collects excise duty on fuel to support infrastructure spending and manage fiscal deficits. #excisedutyhike #fuelprices #petroldiesel #itwebvideos #oilmarketing #fiscalrevenue #infraspending #crudeoilprices #consumerimpact
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