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Excise Duty Cut on Petrol and Diesel: Will Fuel Prices Drop?

In response to concerns over rising fuel prices amid global tensions, the Indian government has announced a significant reduction in excise duties on petrol and diesel. Starting Friday, the excise duty on petrol has been slashed to Rs 3 per litre, while the excise on diesel has been reduced to zero. This move comes after fears that the ongoing US-Israel conflict with Iran could lead to higher fuel prices, especially as global crude prices surged past $100 per barrel. Despite the dut

National News

27 Mar 2026 15:53 PM 21 views

Excise Duty Cut on Petrol and Diesel: Will Fuel Prices Drop?

In response to concerns over rising fuel prices amid global tensions, the Indian government has announced a significant reduction in excise duties on petrol and diesel. Starting Friday, the excise duty on petrol has been slashed to Rs 3 per litre, while the excise on diesel has been reduced to zero. This move comes after fears that the ongoing US-Israel conflict with Iran could lead to higher fuel prices, especially as global crude prices surged past $100 per barrel. Despite the dut

National News

India Fast-Tracks Oil and LPG Import Deals Amid Middle East Supply Crisis

India is accelerating the signing of contracts for crude oil and LPG imports, aiming to diversify its supply sources amidst disruptions caused by the ongoing conflict in the Middle East. The country's need for oil has been rising, with daily imports averaging 5.5 to 6 million barrels. After Russia's oil imports were reduced as part of an agreement with the U.S., India has been exploring new avenues to ensure stable oil supplies, including from Russia, despite the geopolitical tensions.

India News

26 Mar 2026 16:13 PM 12 views

India Fast-Tracks Oil and LPG Import Deals Amid Middle East Supply Crisis

India is accelerating the signing of contracts for crude oil and LPG imports, aiming to diversify its supply sources amidst disruptions caused by the ongoing conflict in the Middle East. The country's need for oil has been rising, with daily imports averaging 5.5 to 6 million barrels. After Russia's oil imports were reduced as part of an agreement with the U.S., India has been exploring new avenues to ensure stable oil supplies, including from Russia, despite the geopolitical tensions.

India News

India Among 5 Nations Named in Iran’s ‘Friendly Countries’ List for Strait of Hormuz Passage

Iran has stated that the Strait of Hormuz, a key route for global oil transport, will remain open for select countries, including India, despite ongoing tensions in the Middle East. The strait is crucial for international trade,

Global News

26 Mar 2026 16:13 PM 14 views

India Among 5 Nations Named in Iran’s ‘Friendly Countries’ List for Strait of Hormuz Passage

Iran has stated that the Strait of Hormuz, a key route for global oil transport, will remain open for select countries, including India, despite ongoing tensions in the Middle East. The strait is crucial for international trade,

Global News

Oil at $150: BlackRock CEO Warns of Potential Economic Fallout

The global economy faces significant risks if oil prices reach $150 per barrel, warns Larry Fink, CEO of BlackRock. In recent days, Brent crude surpassed $110 per barrel, causing a substantial market reaction, and a new report suggests that prices could climb even further, especially if the ongoing U.S.-Iran conflict escalates. Fink emphasized that if oil prices continue to rise, the world would face a major economic shock rather than a gradual adjustment. The impact would be felt a

Global News

25 Mar 2026 17:57 PM 36 views

Oil at $150: BlackRock CEO Warns of Potential Economic Fallout

The global economy faces significant risks if oil prices reach $150 per barrel, warns Larry Fink, CEO of BlackRock. In recent days, Brent crude surpassed $110 per barrel, causing a substantial market reaction, and a new report suggests that prices could climb even further, especially if the ongoing U.S.-Iran conflict escalates. Fink emphasized that if oil prices continue to rise, the world would face a major economic shock rather than a gradual adjustment. The impact would be felt a

Global News

India has adequate fuel stocks amid Strait of Hormuz tensions, says govt

Amid rising geopolitical tensions in West Asia and growing concerns over possible disruptions in the Strait of Hormuz, the government has reassured citizens that India’s oil reserves and fuel supply remain stable. Officials said there is no need for panic buying or hoarding of petrol, diesel or LPG cylinders, as adequate stocks are available to meet domestic demand. According to government sources, India currently maintains around 25 days of crude oil and petroleu

Global Conflicts

06 Mar 2026 11:41 AM 256 views

India has adequate fuel stocks amid Strait of Hormuz tensions, says govt

Amid rising geopolitical tensions in West Asia and growing concerns over possible disruptions in the Strait of Hormuz, the government has reassured citizens that India’s oil reserves and fuel supply remain stable. Officials said there is no need for panic buying or hoarding of petrol, diesel or LPG cylinders, as adequate stocks are available to meet domestic demand. According to government sources, India currently maintains around 25 days of crude oil and petroleu

Global Conflicts

Kremlin questions India’s Russian oil halt claim after new U.S. trade agreement

Russia has said it has not received any formal communication from India indicating that the country plans to stop purchasing Russian oil, casting doubt on recent claims by U.S. President Donald Trump that New Delhi had agreed to halt such imports as part of a new trade agreement with Washington. Kremlin spokesperson Dmitry Peskov stated that Moscow has yet to hear any official statement from the Indian government suggesting that energy flows between the two countries are being curtail

Global News

04 Feb 2026 14:41 PM 544 views

Kremlin questions India’s Russian oil halt claim after new U.S. trade agreement

Russia has said it has not received any formal communication from India indicating that the country plans to stop purchasing Russian oil, casting doubt on recent claims by U.S. President Donald Trump that New Delhi had agreed to halt such imports as part of a new trade agreement with Washington. Kremlin spokesperson Dmitry Peskov stated that Moscow has yet to hear any official statement from the Indian government suggesting that energy flows between the two countries are being curtail

Global News

US shoots down Iranian drone near carrier as Gulf tensions worry India

Tensions between Iran and the United States escalated sharply this week after the US military shot down an Iranian drone that it said approached the aircraft carrier USS Abraham Lincoln in an aggressive manner in the Arabian Sea. The development has drawn attention in New Delhi as well, given India’s heavy dependence on energy imports and trade routes that pass through the Persian Gulf and the Strait of Hormuz, areas now witnessing renewed military activity and diplomatic strain.

Global Conflicts

04 Feb 2026 07:39 AM 522 views

US shoots down Iranian drone near carrier as Gulf tensions worry India

Tensions between Iran and the United States escalated sharply this week after the US military shot down an Iranian drone that it said approached the aircraft carrier USS Abraham Lincoln in an aggressive manner in the Arabian Sea. The development has drawn attention in New Delhi as well, given India’s heavy dependence on energy imports and trade routes that pass through the Persian Gulf and the Strait of Hormuz, areas now witnessing renewed military activity and diplomatic strain.

Global Conflicts

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#crude-oil

Excise Duty Cut on Petrol and Diesel: Will Fuel Prices Drop?

Excise Duty Cut on Petrol and Diesel: Will Fuel Prices Drop?

India Fast-Tracks Oil and LPG Import Deals Amid Middle East Supply Crisis

India Fast-Tracks Oil and LPG Import Deals Amid Middle East Supply Crisis

India Among 5 Nations Named in Iran’s ‘Friendly Countries’ List for Strait of Hormuz Passage

India Among 5 Nations Named in Iran’s ‘Friendly Countries’ List for Strait of Hormuz Passage

Oil at $150: BlackRock CEO Warns of Potential Economic Fallout

Oil at $150: BlackRock CEO Warns of Potential Economic Fallout

India has adequate fuel stocks amid Strait of Hormuz tensions, says govt

India has adequate fuel stocks amid Strait of Hormuz tensions, says govt

Kremlin questions India’s Russian oil halt claim after new U.S. trade agreement

Kremlin questions India’s Russian oil halt claim after new U.S. trade agreement

US shoots down Iranian drone near carrier as Gulf tensions worry India

US shoots down Iranian drone near carrier as Gulf tensions worry India

Naidu Urges Collaborative Efforts to Resolve Telangana–Andhra Water Sharing Dispute

Will Robotics Replace Indian Farmers in Future Smart Agriculture

India’s Surprising Reproductive Shift Due to GLP-1 Weight Loss Drugs

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Naidu Urges Collaborative Efforts to Resolve Telangana–Andhra Water Sharing Dispute

Will Robotics Replace Indian Farmers in Future Smart Agriculture

India’s Surprising Reproductive Shift Due to GLP-1 Weight Loss Drugs

Appear Rich or Be Rich? A Startup Founder on the Middle-Class Dilemma

Stock Market Today: Sensex, Nifty 50 Fall on Global Weakness – LIVE Updates

Justin Bieber Returns to the Grammys 2026 After Four-Year Break

Diljit Dosanjh Draws Record Crowd in Sydney

T20 World Cup Super 8: Pakistan vs England Faces Washout Risk – Weather Update

India vs Zimbabwe Weather Forecast in Chennai: Will Rain Affect the T20 World Cup Game?

Are Indian Businesses Falling Behind in the AI Race

#crude-oil

Excise Duty Cut on Petrol and Diesel: Will Fuel Prices Drop?

Excise Duty Cut on Petrol and Diesel: Will Fuel Prices Drop?

India Fast-Tracks Oil and LPG Import Deals Amid Middle East Supply Crisis

India Fast-Tracks Oil and LPG Import Deals Amid Middle East Supply Crisis

India Among 5 Nations Named in Iran’s ‘Friendly Countries’ List for Strait of Hormuz Passage

India Among 5 Nations Named in Iran’s ‘Friendly Countries’ List for Strait of Hormuz Passage

Oil at $150: BlackRock CEO Warns of Potential Economic Fallout

Oil at $150: BlackRock CEO Warns of Potential Economic Fallout

India has adequate fuel stocks amid Strait of Hormuz tensions, says govt

India has adequate fuel stocks amid Strait of Hormuz tensions, says govt

Kremlin questions India’s Russian oil halt claim after new U.S. trade agreement

Kremlin questions India’s Russian oil halt claim after new U.S. trade agreement

US shoots down Iranian drone near carrier as Gulf tensions worry India

US shoots down Iranian drone near carrier as Gulf tensions worry India

Naidu Urges Collaborative Efforts to Resolve Telangana–Andhra Water Sharing Dispute

Will Robotics Replace Indian Farmers in Future Smart Agriculture

India’s Surprising Reproductive Shift Due to GLP-1 Weight Loss Drugs

Appear Rich or Be Rich? A Startup Founder on the Middle-Class Dilemma

Stock Market Today: Sensex, Nifty 50 Fall on Global Weakness – LIVE Updates

Justin Bieber Returns to the Grammys 2026 After Four-Year Break

Diljit Dosanjh Draws Record Crowd in Sydney

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Are Indian Businesses Falling Behind in the AI Race

Popular Areas