NEW DELHI: Following are the highlights of the petroleum product price hikes and tax revisions announced by the government: Rs 3 a litre hike in diesel price. Rs 5 a litre hike in petrol price. LPG prices hiked by Rs 50 per cylinder. Customs duty on crude cut to nil. Excise duty cut on diesel, petrol by Re 1 a litre. Customs duty on other petro products cut to 5% against 10%. Customs duty on petrol, HSD reduced to 2.5% from 7.5%.