India slashes fuel taxes due to Mideast war shortages: Finance minister

Federaţia Rusă

NEW DELHI: India has reduced taxes on diesel and petrol, the government announced on Friday (Mar 27), as the Middle East war continues to disrupt global energy supplies. "In view of the West Asia crisis, the central excise duty on petrol and diesel for domestic consumption has been reduced", Finance Minister Nirmala Sitharaman said in a statement, referring to the Middle East war that began late last month. The South Asian nation, one of the world's largest crude oil importers, relies on

Tag-uri: Petrol

India slashes fuel taxes due to Mideast war shortages: Finance minister https://www.channelnewsasia.com/ - 27.03.2026 12:28

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India slashes fuel taxes due to Mideast war shortages: Finance minister https://www.channelnewsasia.com/ - 27.03.2026 12:28