India cuts excise duties on petrol, diesel as global oil prices surge – Reuters
India has implemented significant reductions in central excise duties on petrol and diesel. This decisive action, announced on May 21, 2022, comes in direct response to the persistent surge in global crude oil prices, aiming to alleviate inflationary pressures and provide relief to consumers across the nation. Background: India’s Energy Vulnerability and Global Market Turmoil … Read more