Excise hike: Diesel dearer by Rs.2 per litre, petrol by 37 paise

New Delhi, Jan 2  The government on Saturday raised excise duty on petrol by 37 paise per litre and on diesel by Rs.2.

Including additional and special excise duties, the total levy now on unbranded, or normal, petrol will be Rs.19.73 per litre, while that for diesel will be Rs.13.83.

The excise duty was last hiked on December 16, on petrol by Rs.1.17 per litre and on diesel by 30 paise a litre. This is the third excise hike this fiscal, including on November 7 last year.

As part of the fortnightly revision in fuel prices, petrol rates were cut from the New Year on Friday by 63 paise a litre and diesel by Rs.1.06 a litre, owing to plunging global crude oil rates.

Petrol currently costs Rs.59.35 per litre in Delhi, while diesel costs Rs.45.03 a litre.