Cheaper crude gives room for excise duty hike, fuel price cut

The drop in oil prices offers the Indian government an opportunity to raise excise duty, partly absorbing fuel retailers' profits. This could result in moderate reductions in petrol and diesel prices, helping curb inflation. The government must decide whether to enhance fiscal revenues or pass savings on to consumers.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UZGeWPi

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