⛽ Petrol & Diesel Excise Duty Price Increase in India: Causes, Impact & Fresh Suggestions
Fuel prices in India have been a point of heated debate for years, and every time petrol or diesel prices increase, the excise duty becomes a central topic of discussion. In 2025, with global oil fluctuations, rising government expenses, and inflationary trends, the price increase due to excise duty is once again in the spotlight. Let’s break it down: why excise duties are raised , how they affect prices and people , and some unique suggestions that can balance government needs and public welfare. 📌 What is the Excise Duty on Petrol and Diesel? Excise Duty is an indirect tax levied by the Central Government on the production of goods—including petroleum products. Unlike other goods that are taxed under the GST regime , petrol and diesel are still taxed separately , making them subject to excise duties and state-level VAT. This means that any increase in excise duty directly affects the retail price of petrol and diesel across India. 📈 Why Excise Duty on Fuel Increases...