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Excise duty on petrol, diesel hike by Rs 3 per litre

The excise duty on both petrol and diesel increased by Rs 3 per litre on March 14 after the international oil prices declined. The special excise duty on petrol was hiked by Rs 2 to Rs 8 per litre in case of petrol and in case of diesel, it increased to Rs 4. One of the consumers said, "We all know that international oil prices are falling. Earlier, when oil prices rose, government also hiked it so why we are not getting any benefit when the prices are now declined."