The government has said it has no plans to roll-back the recent hike in excise duty on diesel and petrol. Minister of State for Finance Jayant Sinha said that there would be no rollback in a written reply when asked whether the government would review and withdraw the increase in central excise duties. The government recently hiked excise duty in two tranches on diesel as well as petrol in order to garner about Rs 10,500 crore in the current financial year.
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