Petrol and diesel prices have increased across the country, with the central government raising the excise duty on petrol and diesel by Rs. 2 per litre. This price hike came into effect from midnight. Many anticipated that this would burden the common people.
Government Clarifies No Burden on People
However, the central government quickly responded to the situation, clarifying that the increased excise duty would not place any burden on the public. The government confirmed that the oil companies would bear the additional cost of the price hike.
No Change in Petrol Prices
With this clarification from the government, the public breathed a sigh of relief. The government assured that there would be no change in petrol prices despite the rise in excise duty, which calmed concerns among vehicle owners.
In conclusion, while the central government has raised the excise duty on petrol and diesel, it has taken steps to ensure that the burden does not fall on the common people, with the oil companies absorbing the additional cost. As a result, petrol prices will remain unchanged.
