India news: Government cuts excise duties on petrol, diesel

The Indian government has ordered the cut amid the volatility in global crude prices. Other headlines in our daily news roundup include the oil minister denying rumors of a lockdown.

• India has reduced its special additional duties on petrol and diesel amid the tensions in the Middle East
• The move offers some relief to Indian oil companies that have been selling petrol and diesel at a loss following a drastic spike in international crude prices
• Prime Minister Narendra Modi chaired a meeting today with Indian chief ministers on their preparedness amid the Iran war

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Below, you can review developments, news and views that had India talking on Friday, March 27: