<ul><li>The Indian government has increased the excise duty on petrol and diesel by Rs 2 each.</li><li>Despite the hike in excise duty, retail prices of petrol and diesel will remain unchanged.</li><li>Oil marketing companies may absorb the excise duty hike, affecting their retail fuel sales margins by Rs 2 per litre.</li><li>This move is expected to impact BPCL, HPCL, and Indian Oil, as their marketing margins will be reduced.</li></ul>

Government To Increase Excise Duty By Rs 2 Each On Petrol And Diesel; Retail Prices Unaffected

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