New Delhi: The Central Government has reduced the additional excise duties on petrol and diesel amid global energy crisis due to the ongoing US-Israel war on Iran and Tehran’s moves to restrict shipping through Strait of Hormuz. The excise duty on petrol has been reduced from Rs. 13 per litre to Rs. 3 per litre,...

NEW DELHI, Mar 27: The government has reduced excise duty on petrol to Rs 3 per litre and exempted diesel from the levy to shield consumers from rising global crude prices amid the ongoing Middle East conflict.   Global crude rates have surged nearly 50% since February 28, when the United States and Israel launched […]

The move comes as the global energy market reels from the US‑Israel war on Iran and Tehran’s blockade of the Strait of Hormuz. 

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.

Naidu and Pawan praise the Centre's excise duty cut on fuel, highlighting its positive impact on citizens amidst global price volatility.

NEW DELHI: The Central government has reduced excise duty on petrol and diesel by Rs 10 per litre each for domestic consumption, aiming to shield consumers from rising fuel prices amid the ongoing West Asia crisis. Announcing the decision, Union Finance Minister Nirmala Sitharaman said the move is intended to protect citizens from price volatility […]