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The Economic Times

Economy / The Economic Times

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Limited price raise shows how much of global hit govt has absorbed: Goyal

Piyush Goyal stated the government absorbed global oil price hikes by cutting excise duty. He highlighted significant fertiliser subsidies for farmers. The minister also mentioned voluntary austerity appeals for reducing imported commodity consumption. Efforts are underway to boost trade with the US, aiming for preferential market access.

16 May 2026 1:37 am