Petrol, diesel price: Global crude oil costs rise; what's the situation in India?

Last week, the government announced a big excise duty cut on petrol and diesel prices, in effect cushioning consumers from a hike, while also reducing the blow for oil marketing companies. Last week, the government announced a big excise duty cut on petrol and diesel prices, in effect cushioning consumers from a hike, while also reducing the blow for oil…

Key takeaways

Quick scan — what you need to know:

• Last week, the government announced a big excise duty cut on petrol and diesel prices, in effect cushioning consumers from a hike, while also reducing the blow for oil marketing companies.
• Last week, the government announced a big excise duty cut on petrol and diesel prices, in effect cushioning consumers from a hike,
• while also reducing the blow for oil marketing companies. Last week, the government announced a big excise duty cut on petrol and
• diesel prices, in effect cushioning consumers from a hike, while also reducing the blow for oil marketing companies.

Background

What led here, in plain terms:

• the government announced a big excise duty cut on petrol and diesel prices, in effect cushioning consumers from a hike, while also reducing the blow for oil marketing companies.
• Full context often emerges as officials, markets, or courts add updates.

Why it matters

Why readers and decision-makers should care:

• Last week, the government announced a big excise duty cut on petrol and diesel prices, in effect cushioning consumers from a hike, while also reducing the blow for oil marketing companies.
• Last week, the government announced a big excise duty cut on petrol and diesel prices, in effect cushioning consumers from a hike,
• while also reducing the blow for oil marketing companies. Last week, the government announced a big excise duty cut on petrol and