India Increases LPG Prices and Petrol and Diesel Excise Duty to Counteract ₹413 Billion Revenue Shortfalls

Unknown Apr 02, 2026 2,150 Views

India's Oil Minister has announced a package of steps to counter the financial burden on state-run oil firms, which lost ₹413.38 billion in LPG sale revenue in FY2024/25. They are a ₹50 per cylinder increase in LPG prices and a rise in excise duty on petrol and diesel, though the latter will...