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Governments Implement Measures to Mitigate Economic Impact of Middle East Conflict; India's Fuel Excise Duty Cut Leads to Revenue Loss

The International Monetary Fund is developing scenarios for countries that may require financial support due to the prolonged Middle East conflict. Spain has approved a €5 billion package including energy tax cuts, while the Philippines has confirmed sufficient crude oil supply and is considering suspending or reducing petroleum excise taxes. India has also cut excise duty on petrol and diesel, a move expected to lead to a ₹7,000 crore revenue loss in 15 days, while providing respite to oil companies and shielding consumers. Additionally, Poland's parliamentary committee has positively reviewed bills for fuel price reductions.

25 Mar, 18:42 — 27 Mar, 15:13
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Left (8)
inquirerndtvindian-expressDWRapplerdanasnewsbeastYahoo
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Center (6)
VnExpressklix-ba24urmalay-mailphilstarbloomberg
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Right (6)
hindustan-timesTimes of Indiale-figarocapital-bgstraits-timeschannel-news-asia
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Geographic diversity13 regions34/34
India4Philippines3Singapore2US2Vietnam1Germany1Bosnia1Serbia1France1Slovenia1Bulgaria1Malaysia1Greece1

Sources

Showing 13 of 20 sources
bloombergHigh2d ago

Philippines’ Marcos Airs Fears Former Ally Could Undo His Legacy - Bloomberg.com

Philippines’ Marcos Airs Fears Former Ally Could Undo His Legacy  Bloomberg.com

Read full article →
DWHigh2d ago

India news: Government reduces special excise duties on petrol and diesel

The Indian government has ordered a cut in its special excise duties for petrol and diesel amid the volatility in global crude prices from the Iran war. DW has the latest.

Read full article →
YahooMostly Factual3d ago

Buy This 1 ETF ASAP If You Think Higher Oil Prices are Here to Stay

Read full article →
Times of IndiaMostly Factual2d ago

Petrol, diesel price today: After excise duty cuts, will fuel rates in your city come down?

The government has announced a reduction in excise duty on petrol and diesel. While excise duty on petrol has been cut, the levy on diesel has been removed altogether with an aim to cushion consumers from the surge in global crude oil prices.

By TOI BUSINESS DESK

Read full article →
hindustan-timesMostly Factual1d ago

'Wait till…': Cong slams Modi govt for not passing on fuel tax cut to consumer; predicts price hike with date, reason

After centre's claim that cut in excise duty on petrol and diesel will provide relief to consumers, Congress argues that this move benefits only oil companies

Read full article →
straits-timesMostly Factual2d ago

Philippines, France sign military pact amid South China Sea tensions - The Straits Times

Philippines, France sign military pact amid South China Sea tensions  The Straits Times

Read full article →
ndtvMostly Factual1d ago

"People-Centric Governance": Amit Shah As Government Cuts Fuel Excise Duty

In a notification issued late on Thursday, the Union Finance Ministry slashed the excise duty on petrol to Rs 3 a litre from Rs 13 earlier. It has exempted diesel from the duty, while the levy was Rs 10 earlier.

Read full article →
channel-news-asiaMostly Factual2d ago

Commentary: US and Philippines still have fine-tuning to do in defence cooperation

Washington and Manila have gaps to plug in integrated air and missile defence and weapons access policy, says a geopolitical analyst.

Read full article →
RapplerMostly Factual2d ago

PH has enough crude oil supply until June 30, Marcos says

'Mayroon na tayong supply of crude oil, sufficient supply hanggang June 30,' says Marcos after talks with business tycoon Ramon Ang

By Herbie Gomez

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inquirerMostly Factual1d ago

Mixed trend in Iloilo City fish prices; premium seafood remains costly

ILOILO CITY — Prices of key fishery products in Iloilo City showed a mixed trend during the fourth week of March, with staple fish remaining relatively affordable while high-value seafood such as shrimp and crabs continued to command steep prices, the Bureau of Fisheries and Aquatic Resources (BFAR) in Western Visayas reported. In its March

By cavendano

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philstarMostly Factual2d ago

Philippines, France sign Visiting Forces Agreement in Paris

The Philippines and France signed a Visiting Forces Agreement on Thursday, March 26, making France the first European country to secure such a defense pact with Manila.

By Cristina Chi

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VnExpressMixed2d ago

Flying in Vietnam could cost 17% more from April as Middle East fuel crisis deepens

Domestic flights in Vietnam could get significantly more expensive from April as the aviation regulator proposed a fuel surcharge to help airlines survive a jet fuel crisis triggered by the Middle East conflict.

Read full article →
malay-mailMixed2d ago

Malaysia explores nuclear power as Middle East war drives up energy costs

PUTRAJAYA, March 27 — The Malaysian government is exploring the potential of nuclear power as a strategic response...

By Malay Mail

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Coverage Timeline

First report: Yahoo · 25 Mar, 18:42Full coverage: 20 · 1d 21hWindow: 1d 21h
Left-leaningCenterRight-leaning
Yahoo25 Mar, 18:42First to report

Buy This 1 ETF ASAP If You Think Higher Oil Prices are Here to Stay

1d later
newsbeast26 Mar, 20:20

Το εφιαλτικά σενάρια του ΔΝΤ λόγω του πολέμου – Ποιες χώρες κινδυνεύουν να χρειαστούν χρηματοδότηση

2h later
channel-news-asia26 Mar, 21:58

Commentary: US and Philippines still have fine-tuning to do in defence cooperation

bloomberg26 Mar, 22:00

Philippines’ Marcos Airs Fears Former Ally Could Undo His Legacy - Bloomberg.com

4h later
straits-times27 Mar, 01:42

Philippines, France sign military pact amid South China Sea tensions - The Straits Times

philstar27 Mar, 01:49

Philippines, France sign Visiting Forces Agreement in Paris

malay-mail27 Mar, 02:06

Malaysia explores nuclear power as Middle East war drives up energy costs

2h later
capital-bg27 Mar, 04:07

Нова война, нов ръст на цените на храните

2h later
24ur27 Mar, 06:23

Cene energije, negotovost in vprašanje: kam gre gospodarstvo?

le-figaro27 Mar, 06:23

La France et les Philippines signent un accord pour renforcer leur coopération militaire

danas27 Mar, 06:32

Kako zemlje reaguju na globalnu energetsku krizu

Rappler27 Mar, 06:37

PH has enough crude oil supply until June 30, Marcos says

klix-ba27 Mar, 07:01

Tegeltija: Mora se intervenisati da cijene goriva ne rastu, akciza je najjednostavniji način

Times of India27 Mar, 07:13

Petrol, diesel price today: After excise duty cuts, will fuel rates in your city come down?

DW27 Mar, 07:43

India news: Government reduces special excise duties on petrol and diesel

VnExpress27 Mar, 07:47

Flying in Vietnam could cost 17% more from April as Middle East fuel crisis deepens

indian-express27 Mar, 07:49

Petrol-Diesel Price Today March 27: Check city-wise fuel rates in Bengaluru, Chennai, New Delhi, Mumbai after excise cut

1h later
ndtv27 Mar, 09:01

"People-Centric Governance": Amit Shah As Government Cuts Fuel Excise Duty

2h later
hindustan-times27 Mar, 10:46

'Wait till…': Cong slams Modi govt for not passing on fuel tax cut to consumer; predicts price hike with date, reason

4h later
inquirer27 Mar, 15:13Latest update

Mixed trend in Iloilo City fish prices; premium seafood remains costly