Petrol

New Delhi (National Times): In a notable fiscal move, the central government has increased the excise duty on petrol and diesel by Rs 2 per litre each, even as global crude prices hit a four-year low. The hike comes at a time when Brent crude oil has dipped below $55 per barrel, driven by a slowdown in global demand and oversupply concerns. According to a notification issued by the Department of Revenue, Ministry of Finance, the revised excise rates will come into effect from April 8, 2025. Despite the duty increase, the retail prices of petrol and diesel will remain…