New Delhi, April 7 -- The government on Monday said that it will increase the excise duty on petrol and diesel by Rs.2 each per litre from April 8, but reassured that the price hike will not be passed on to consumers.

"PSU Oil Marketing Companies have informed that there will be no increase in retail prices of #Petrol and #Diesel, subsequent to the increase effected in Excise Duty Rates today," the oil ministry said in an X post on Monday.

Union Oil Minister Hardeep Singh Puri also confirmed the same during a press conference.

"You would have seen a notification from the Ministry of Finance saying that the excise rates are going up by Rs.2 on petrol and diesel. Let me clarify upfront on the record, this will not be passed on to the con...