Browsing Tag
Finance Ministry
2 posts
Petrol duty slashed to Rs 3, diesel to zero as Hormuz crisis hits India’s energy bill
India's Finance Ministry has cut excise duty on petrol to Rs 3 per litre and eliminated it on diesel entirely, effective 26 March 2026, as the US-Israel war on Iran pushes international crude prices up by nearly 50 per cent and disrupts Strait of Hormuz supply flows.
Can sin taxes fund India’s defence and health goals? Lok Sabha clears new cess on pan masala
India passes new bill to levy cess on pan masala production to fund national security and public health. Find out how the new policy could reshape sin goods taxation.