NEW DELHI: The government on Tuesday night hiked the excise duty on petrol by steep Rs 10 per litre and that on diesel by Rs 13 a litre.
The hike in duty has taken away gains from falling global crude oil prices. Last month, benchmark Brent crude oil dropped to as low as USD 18.10 per barrel – the lowest since 1999, as coronavirus wiped away demand, creating large surpluses around the globe. Prices have since rebounded to around USD 28 a barrel. (PTI)
