The Times of India

Govt cuts excise duty to Rs 3 a litre on petrol, to nil on diesel amid Middle East tensions

India has reduced its fuel duty, lowering the special additional excise duty on petrol to Rs 3 per litre and removing it entirely on diesel. This move comes amid global oil supply disruptions and follows a price hike by Nayara Energy. Crude prices retreated as US-Iran negotiations showed progress.