India has reduced its fuel duty, lowering the special additional excise duty on petrol to Rs 3 per litre and removing it entirely on diesel. This move comes amid global oil supply disruptions and follows a price hike by Nayara Energy. Crude prices retreated as US-Iran negotiations showed progress. India has reduced its fuel duty, lowering the special additional excise duty on petrol to Rs 3 per litre and removing it entirely on diesel. This move comes amid global oil supply disruptions and follows a price hike by Nayara Energy. Crude prices retreated as US-Iran negotiations showed progress.
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Govt cuts excise duty to Rs 3 a litre on petrol, to nil on diesel amid Middle East tensions
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