<ul><li>The government announced an increase in excise duty on petrol and diesel by Rs 2 each.</li><li>The stock prices of major oil marketing companies (OMCs) in India, such as BPCL, HPCL, and IOC, saw a decline.</li><li>Starting April 8, 2025, the excise duty on petrol will be increased to Rs 13 per litre, and the excise duty on diesel will be increased to Rs 10 per litre.</li><li>The increase in excise duty may impact the profitability and demand for fuel, affecting OMCs in the petroleum sector.</li></ul>

BPCL, HPCL, IOC Share Prices Decline: Government Increases Excise Duty On Petrol, Diesel

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