Petrol and diesel prices today gone up by 1.50 a litre after the government raised excise duty. The move will mop up an additional revenue of about 13,000 crore rupees.

Government notification today said that excise duty on normal or unbranded petrol was hiked from 1 rupee and 20 paise per litre to 2 rupees 70 paise per litre where as unbranded diesel from 1 rupee and 46 paise per litre to 2 rupees and 96 paise.

The fall in international oil prices had resulted in six consecutive reduction in petrol prices since August and two in diesel in the last one month but due to increase in excise duty the price in both petrol and diesel has further gone up.