Petrol price hike, April 7 -- The central government has increased the excise duty on petrol and diesel by Rs.2 each, a circular from the Ministry of Finance said on Monday.

With the latest hike, the prices of petrol and diesel across India are expected to increase significantly.

The petrol price hike and diesel price hike will come into effect from April 8, the ministry said in its notification.

The decision comes at a time when global oil prices are undergoing volatility.

The excise duty on petrol was increased to Rs.13 per litre and that on diesel to Rs.10, the order said.

The Ministry of Petroleum and Natural Gas on Monday gave a clarification for consumers on Monday about the petrol price hike, saying that customers will not be ...