📈 Business
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Bloomberg
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India Cuts Fuel Taxes to Cushion Refiners From Iran War Price Surge
India has cut taxes on diesel and gasoline to cushion the impact of surging crude oil prices on its refiners. The price spike is a result of the deepening Middle East conflict disrupting global supply. The tax cuts represent the Indian government's direct economic response to the ongoing Iran war.
India has cut taxes on diesel and gasoline to cushion the impact of surging crude prices on its refiners, as a deepening conflict in the Middle East disrupts global supply.