New Delhi, May 1 -- The Indian government revised central excise duties on petrol and diesel, but retail prices for consumers will remain unchanged, Indian Oil Corporation (IOC) said on Friday in a press release.

In three notifications issued on Thursday, the Ministry of Finance set the central excise duty on petrol at Rs 23 per litre and on diesel at Rs 33 per litre, effective from May 1, 2026. The government has also reduced the additional excise duty on petrol to zero.

The changes were made under the Central Excise Act, 1944 and related Finance Acts, and are the second revision in fuel duties in the last month.

Despite the excise duty adjustments, IOC confirmed that retail prices of petrol, diesel and domestic LPG will not change, i...