https://www.taxtmi.com/news?id=71893 Excise duty on petrol and diesel has been reduced, while export duty on diesel and aviation turbine fuel has been increased, to address under-recoveries of oil marketing companies, support domestic fuel availability, and limit consumer price pressure amid volatility in global oil markets. The revised rates are stated to operate on a fortnightly review basis, with the policy rationale emphasising energy security, domestic supply prioritisation, and response to disrupted international crude and product markets. en-us Fri, 27 Mar 2026 17:46:03 +0530 Fri, 27 Mar 2026 17:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71893 Excise duty on petrol and diesel has been reduced, while export duty on diesel and aviation turbine fuel has been increased, to address under-recoveries of oil marketing companies, support domestic fuel availability, and limit consumer price pressure amid volatility in global oil markets. The revised rates are stated to operate on a fortnightly review basis, with the policy rationale emphasising energy security, domestic supply prioritisation, and response to disrupted international crude and product markets. News - Fri, 27 Mar 2026 17:46:03 +0530 https://www.taxtmi.com/news?id=71893