India’s government on Friday cut excise duty on both petrol and diesel amid growing fears of fuel price hikes across the country due to the US-Iran war in the Middle East, a Reuters report said.
According to Thursday’s government order, the additional excise tax on gasoline has been reduced ₹3 per liter from ₹13 per liter earlier. Meanwhile, the excise duty on diesel has been reduced ₹0 from ₹10 per liter earlier.
(This is a developing story. Check back for updates)
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