https://www.taxtmi.com/news?id=71857 Excise duty on petrol and diesel has been reduced to cushion domestic consumers against the rise in global crude oil prices and the resulting pressure on fuel costs. The special additional excise duty on petrol has been cut and the corresponding levy on diesel has been removed, while export duties have been reintroduced on diesel and aviation turbine fuel to preserve domestic availability of these products. The measure applies to diesel and aviation turbine fuel, but no windfall tax has been imposed on domestic crude oil producers. en-us Fri, 27 Mar 2026 12:31:04 +0530 Fri, 27 Mar 2026 12:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71857 Excise duty on petrol and diesel has been reduced to cushion domestic consumers against the rise in global crude oil prices and the resulting pressure on fuel costs. The special additional excise duty on petrol has been cut and the corresponding levy on diesel has been removed, while export duties have been reintroduced on diesel and aviation turbine fuel to preserve domestic availability of these products. The measure applies to diesel and aviation turbine fuel, but no windfall tax has been imposed on domestic crude oil producers. News - Fri, 27 Mar 2026 12:31:04 +0530 https://www.taxtmi.com/news?id=71857