Govt cuts special additional excise duties on petrol and diesel amid US-Iran war

What Happened

The notification states that for motor spirit (petrol), the rate has been set at “Nil”, while for high-speed diesel oil, the duty is “Rs.

Why It Matters

This development may influence policy, markets, and public sentiment based on how events unfold.

Background Context

The notification states that for motor spirit (petrol), the rate has been set at “Nil”, while for high-speed diesel oil, the duty is “Rs. 18.5 per litre”.

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Source: India News: Latest India News, Today's breaking News Headlines & Real-time News coverage from India | Hindustan TimesOriginal Link

Source: India News: Latest India News, Today's breaking News Headlines & Real-time News coverage from India | Hindustan Times

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