Economy States must reduce the duty on petrol, says NITI Aayog vice chairman Rajiv Kumar Updated : May 24, 2018 04:31 PM IST Centre should create fiscal space to deal with the impact of spurt in oil prices. The Centre levies Rs 19.48 as excise duty on a litre of petrol. The government raised excise duty nine times between November 2014 and January 2016. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.