The drop in oil prices offers the Indian government an opportunity to raise excise duty, partly absorbing fuel retailers’ profits. This could result in moderate reductions in petrol and diesel prices, helping curb inflation. The government must decide whether to enhance fiscal revenues or pass savings on to consumers.
Related Posts
Union Budget 2025: Markets not moved by FM playing taxophone
- staff
- February 1, 2025
- 0
The Budget proposals led to a muted response on Dalal Street, with the Sensex closing slightly up and Nifty down. Extreme bullish sentiment in certain […]
Oil India Limited joins the Oil and Gas Decarbonization Charter for sustainable energy practices
Oil India Limited (OIL) has signed the Oil and Gas Decarbonisation Charter (OGDC), showcasing its commitment to sustainable energy practices. Launched at COP28 in 2023, […]