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.

(This is a developing story. Details to be updated soon)

Published by HT Digital Content Services with permission from MINT....