On Tuesday, the Central Govt announced an increase in excise duties by Rs 10 per litre on petrol & Rs 13 per litre on diesel.
An official statement said that "While the retail sale prices of petrol & diesel will not change on account of this increase in duties, there will be an increase in excise duties by Rs 10 per litre on petrol & Rs 13 per litre on diesel".
The statement added that "The revenue generated from these duties shall be used for infrastructure & other developmental items of expenditure".
From 6th May, the new of duties will come into effect.
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