Petrol and diesel rates will be reviewed every 15 days amid West Asia conflict, the government said. This comes after Centre cut special additional excise duty on petrol from ₹13/litre to ₹3/litre and on diesel to zero. The decision to cut excise duty will result in revenue loss of around ₹7,000 crore within 15 days, CBIC Chairman Vivek Chaturvedi said.