The government on Thursday raised excise duty on both branded and unbranded petrol and diesel by Rs 2 per litre each. However retail pump rates will not be increased. <br /><br />"Govt. has decided to increase basic excise duty on petrol & diesel by Rs 2/litre for infrastructure development,esp building15000 km of road (sic)," Oil MInister Dharmendra Pradhan tweeted.<br /><br />The increased rates of basic excise duty will be effective from midnight.<br /><br />"However,retail price of Petrol & Diesel will remain unchanged allover India despite additional excise duty of Rs 2/litre from midnight today," Mr Pradhan said in another tweet.<br /><br />When the government hiked excise duty on the petrol and diesel last month, oil firms had decided to absorb the duty change<br /><br /><br />For More information on this news visit : http://www.newsx.com/<br />Connect with us on Social platform at : http://www.facebook.com/newsxonline<br />Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive
