<h1>Fuel tax increase offsets retail price reductions while proceeds may compensate LPG under recoveries and support oil firms.</h1> The government raised domestic LPG and CNG retail rates and increased the special additional excise duty on petrol and diesel to shore up revenues and address oil PSU under recoveries; the excise rise will be offset against reductions warranted by falling international crude prices so retail petrol and diesel prices remain unchanged, while LPG hikes will be reviewed monthly and past under recoveries may be met through budgetary support.