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IBTimes

Business / IBTimes

Fuel tax cut explained: Who benefits and what it means for you - All you need to know

The Indian government has cut excise duty on petrol by Rs 10 per litre and effectively exempted diesel, reducing petrol excise to Rs 3 per litre. The move offers immediate relief to consumers amid rising global crude prices driven by the West Asia conflict and eases cost pressures for OMCs.

27 Mar 2026 4:41 pm