excise duty reduction

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    Fuel Cuts and Renewed Export Taxes: A Look at India’s Response to Oil Price Hikes

    New Delhi, March 27 – The government has reduced excise duty on petrol and diesel by ₹10 per litre each, a move aimed at protecting domestic consumers from a surge in global oil prices triggered by the Middle East conflict, at an estimated revenue cost of ₹1.75 lakh crore.Alongside, the...
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    • crude oil prices diesel excise duty excise duty reduction export duty - aviation turbine fuel (atf) export duty - diesel fuel prices fuel retailers government revenue hardeep singh puri india international energy market nayara energy nirmala sitharaman oil prices ongc petrol excise duty
    • Replies: 0
    • Forum: Business
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    People-Centric Governance: Fuel Excise Duty Relief Announced

    New Delhi, March 27 Union Home Minister Amit Shah on Friday said the central government's decision to cut excise duty on fuel when prices are soaring globally reflects its people-centric governance and decision-making based on sensitivity.In a post on X, Shah wrote, "As the world is grappling...
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    • amit shah crude oil imports excise duty reduction finance ministry fuel excise duty fuel prices government policy government relief india india economy modi government natural gas petroleum products union home minister west asia crisis
    • Replies: 0
    • Forum: National
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    Govt Reduces Excise Duty on Petrol and Diesel

    March 27, New Delhi - The Indian government reduced the additional excise duty on both petrol and diesel in response to growing concerns about a nationwide rise in fuel prices due to the ongoing crisis in the Middle East.According to a government order, the additional excise duty on petrol was...
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    • crude oil diesel energy prices excise duty reduction fuel excise duty global energy markets government order india india economy iran middle east new delhi oil supply petrol strait of hormuz
    • Replies: 0
    • Forum: National
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