
India Cuts Fuel Excise Duty and Imposes Export Levies Amid Rising Prices
The Indian government has announced a reduction in excise duty on petrol and diesel by ₹10 per litre, alongside new levies on exports, aiming to ease consumer burden and ensure adequate domestic stocks amid rising fuel prices.
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Govt cuts excise on petrol, diesel by ₹10 per litre; slaps levies on exports
The dual measure is aimed at easing the financial strain on state-run oil retailers and ensuring adequate domestic stocks.
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