India Imposes Export Duties on Diesel, Cuts Fuel Excise
The Indian government has imposed export duties on diesel and turbine fuel to improve domestic availability, while reducing excise duties on petrol and diesel to support consumers and OMCs.
Category : Economy
Rupee Hits Record Low of 94.30 vs Dollar on War, Outflows
The Indian rupee plunged to a historic low of 94.30 against the US dollar, driven by foreign investor outflows and oil price surges from the US-Iran conflict, worsening inflation and deficits.
India Increases LPG Allocation to 70% for Industries
The Indian government has raised commercial LPG allocation to 70% to support key industries like steel and textiles, ensuring energy security during the Middle East conflict.
India Cuts Fuel Taxes Amid Global Oil Price Surge
The Indian government has slashed excise duties on petrol and diesel to absorb the impact of soaring global crude prices triggered by Middle East conflicts. Retail fuel prices are expected to remain stable despite the tax cuts.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
FM Sitharaman Dismisses Lockdown Rumors Amid Fuel Crisis
Finance Minister Nirmala Sitharaman denies reports of a lockdown due to West Asia conflict, announces excise duty cuts to stabilize fuel prices and ensure supply.
India's Fuel Tax Shift: Export Duties Up, Domestic Taxes Down
In response to the Middle East conflict disrupting oil supplies, India has raised export duties on diesel and ATF while reducing excise duties on domestic petrol and diesel to protect consumers.
Rupee Crashes to Record Low of 94.29 per Dollar
The Indian rupee fell 33 paise to a historic low of 94.29 against the US dollar, driven by surging oil prices, a strong dollar, and West Asia conflict tensions.
India Cuts Fuel Duty, Raises Export Costs to Protect Consumers
The Indian government has reduced excise duty on petrol and diesel by Rs 10 per litre while imposing new export taxes on fuel shipments to ensure domestic availability amid global supply concerns.
India Cuts Fuel Excise Duties Amid Global Oil Price Surge
The Indian government has drastically reduced excise duties on petrol and diesel, eliminating the levy on diesel and cutting petrol duty to Rs 3 per litre, in response to soaring crude oil prices driven by the West Asia crisis.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Fuel Duty Cut to Shield Indians from Global Price Surge
Union Minister Hardeep Singh Puri announced excise duty reductions on petrol and diesel, citing global energy price volatility due to Middle East conflicts and Strait of Hormuz disruptions.
India Reduces Fuel Taxes as Global Oil Crisis Hits Neighbours
The Modi government has reduced excise duties on petrol and diesel to shield consumers from global oil market volatility. India's proactive supply strategy contrasts sharply with Pakistan's rising fuel costs.
Petrol, Diesel Prices Fall After Excise Duty Cut by Government
The Indian government has reduced excise duty on petrol and diesel, leading to lower fuel prices across major cities like Delhi, Mumbai, Bengaluru, and Chennai as of March 27.
Rupee Hits Record Low of 94.24 vs Dollar Amid Iran Crisis
The Indian rupee extended its losing streak, falling 28 paisa to a fresh record low of 94.24 against the US dollar in early trade on Friday, dragged by Middle East tensions and foreign institutional investor outflows.
Rupee Hits Record Low of 94.1550 Against Dollar
The Indian rupee extended its losing streak, falling 0.2% to a fresh record low of 94.1550 against the US dollar. Persistent FII outflows and Middle East tensions continue to weigh on sentiment, despite supportive cues like lower crude prices.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Govt Cuts Excise Duty on Petrol, Diesel by Rs 10 per Litre
In a major relief for consumers, the Indian government has reduced excise duty on petrol and diesel by Rs 10 per litre. This move aims to ease inflationary pressures and support the economy during global uncertainties.
India Reduces Fuel Duties as Middle East Conflict Impacts Oil
India has revised fuel duties, lowering petrol excise to Rs 3/litre and removing it on diesel, amid global oil supply disruptions from the Middle East conflict affecting crude prices.
India Cuts Special Additional Excise Duties on Fuel
The Indian government has reduced special additional excise duties on petrol and diesel to provide relief to consumers and manage inflation. This move aims to lower fuel prices and support economic stability.
Revised GDP Data Tests Fiscal Devolution Fairness to States
The recent revision of India's GDP data has sparked a debate on the fairness of fiscal devolution to states, raising concerns about resource allocation and economic equity.
Kolkata Mini Cylinder Price Hits Rs 900 Due to Middle East War
In Kolkata, mini cylinder refill costs have skyrocketed from Rs 50 to Rs 900 due to the Israel-Iran war, causing shortages and forcing daily workers to eat out as gas supply remains disrupted.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
India GDP Growth Forecast: 7.6% FY26, 6.1% FY27 by OECD
The OECD forecasts India's GDP growth at 7.6% for FY26 and 6.1% for FY27, highlighting global economic risks from West Asia conflicts and inflation pressures.
Govt Bans Unfair LPG Charges in Restaurant Bills
The Central Consumer Protection Authority has issued an advisory banning hotels and restaurants from adding LPG or gas charges to bills, declaring it an unfair trade practice under the Consumer Protection Act, 2019.
Govt: 60 Days Oil Stocks, 8 Lakh Tonnes LPG Secured
The Indian government has announced it holds 60 days of oil stocks and secured 8 lakh tonnes of LPG, urging citizens not to panic amid global supply concerns.
India Growth Steady, Inflation Within RBI Target: Shamika Ravi
Shamika Ravi of the PM's Economic Advisory Council states India's growth remains robust and inflation is within RBI targets despite global uncertainties, highlighting financial literacy needs.
Russian Oil Imports Soar for India as Hormuz Crisis Deepens
India's crude oil imports from Russia have skyrocketed to near-record levels, offsetting supply disruptions from the Strait of Hormuz due to the US-Iran conflict, ensuring energy security.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
OECD: India Growth 7.6% This Year, 6.1% Next
The OECD forecasts India's economy to grow 7.6% in FY 2025-26 before moderating to 6.1% in FY 2026-27. The report warns Middle East conflicts could disrupt energy supplies and fuel inflation globally.
India's Fuel Supply Fully Stable, Government Reassures Citizens
The Ministry of Petroleum and Natural Gas confirms India's fuel systems are secure with no shortages. The government warns against coordinated misinformation causing panic buying.
Oil Rises as Iran Rejects Talks on Middle East Ceasefire
Oil prices increased as investors reassessed Middle East ceasefire prospects after Iran's foreign minister stated no intention to hold talks to end the conflict, despite reviewing a US proposal.
LPG vs PNG: Global Conflicts Impact India's Kitchen Fuel
Explore the critical differences between LPG and PNG in India's kitchen fuel landscape. Learn why LPG supply faces vulnerability due to geopolitical tensions while PNG remains more stable through pipeline networks.
Oil Prices Surge Past $100 Amid Middle East Tensions
Oil prices rebounded sharply on Thursday, with Brent crude rising above $103 a barrel as markets weigh Iran's stance on US peace proposals and ongoing supply disruptions in the Strait of Hormuz.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
India Keeps 4% Inflation Target for 2026-31 Period
The Indian government has set the retail inflation target at 4% for 2026-31, with upper and lower tolerance levels of 6% and 2%, reinforcing the RBI's price stability mandate.
Page 35 of 119
