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Excise Duty Cut on Petrol & Diesel: How does this impact prices?

  • March 27 , 2026

The Centre has slashed excise duty on petrol to ₹3 per litre and removed it entirely on diesel, aiming to help oil marketing companies such as HPCL, BPCL and IOC cope with rising global crude prices amid the ongoing Middle East conflict.

But how does this impact the retail price of petrol and diesel? Watch the full video to know more.

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