Fuel Calm Amid Global Tensions: Centre Assures India Has Months of Energy Security
At a time when the ongoing conflict involving United States, Israel and Iran has triggered anxieties over global oil flows, the Indian government has stepped in to calm nerves. The Ministry of Petroleum and Natural Gas on Thursday asserted that the country’s energy supply remains robust, with sufficient reserves to meet demand for “many months.” The reassurance comes against the backdrop of […]
Fuel Tax Cut Amid Global Oil Shock: Relief Move or Hidden Price Shield for OMCs?
India’s sharp cut in excise duty on petrol and diesel comes at a time when global oil markets are under intense pressure, but for consumers expecting an immediate drop in prices, the reality may be far more complex. On Friday, the Centre reduced excise duty by ₹10 per litre on both fuels, bringing it down […]