8th April 2025: The central government has announced a hike in excise duty on petrol and diesel by ₹2 each, according to a circular from the Ministry of Finance. This increase is expected to have a direct impact on fuel prices across the country. The move comes as part of the government’s ongoing fiscal measures to boost revenue, though it may lead to higher transportation and commodity costs for consumers.
The excise duty hike could have widespread implications, affecting both businesses and the general public. With rising fuel costs, there are concerns about inflationary pressures, particularly in sectors dependent on transportation and logistics. The government, however, has not provided detailed reasons for this adjustment, leaving analysts to speculate on its potential long-term effects on the economy.