
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.
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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 →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 →Buy This 1 ETF ASAP If You Think Higher Oil Prices are Here to Stay
Read full article →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 →'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 →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 →"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 →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 →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
Read full article →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
Read full article →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
Read full article →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 →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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