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‘We will still pay same amount we were paying before’: Pawan Khera slams Centre after excise duty cuts on petrol, diesel

March 27, 2026
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AICC spokesperson Pawan Khera.

New Delhi [India], March 27 (ANI): Congress leader Pawan Khera on Friday questioned the claims made by the Narendra Modi government that the announced excise duty cuts on petrol and diesel provide relief for the common public, arguing that it benefits oil marketing companies instead of consumers. He said that the consumers will continue to pay unchanged retail prices at fuel stations.  Speaking to ANI, Khera asked for whom this ‘favour’ was being bestowed. He further pointed out that it pertained to what the government calls a “Special Additional Excise Duty”, which implied that it was “superfluous”. “For whom was it reduced?

Govt cuts excise duty on petrol, diesel; windfall tax on fuel export back

March 27, 2026
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customer pays for petrol india

New Delhi, Mar 27 (PTI): The government has slashed excise duty on petrol and diesel by Rs 10 per litre each, a move aimed at shielding domestic consumers from a surge in global oil prices triggered by the Middle East conflict, at an estimated revenue cost of Rs 1.75 lakh crore. Alongside, the government brought back duties on export of diesel and aviation turbine fuel (ATF). Special additional excise duty on petrol has been cut from Rs 13 a litre to Rs 3 and the same on diesel from Rs 10 per litre to nil, according to a notification issued

Why hasn’t the US military used force to secure the Strait of Hormuz?

March 27, 2026
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Why hasn’t the US military used force to secure the Strait of Hormuz

Since the United States and Israel launched their war against Iran in late February, Iran has retaliated by targeting commercial ships in the Strait of Hormuz, effectively shutting down the narrow channel of water. It’s caused a global fuel crisis, even though some ships are managing to get through the strait. US President Donald Trump has given Iran an ultimatum to fully reopen the waterway to oil and gas shipments and called on NATO allies to help in the effort. We asked naval expert Jennifer Parker, who served for 20 years with the Royal Australian Navy, to explain what kind of military force would be required

Stock markets slump in early trade after two-day rally

March 27, 2026
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Mumbai, Mar 27 (PTI) Benchmark indices Sensex and Nifty tumbled in early trade on Friday after a two-day rally, tracking a weak trend in global peers, as the US-Iran conflict continues to be a key overhang for the markets. Crude oil prices staying above the USD 100 per barrel mark and unabated foreign fund outflows have also made investors risk-averse. The 30-share BSE Sensex tanked 926.92 points to 74,346.53 in early trade. The 50-share NSE Nifty dropped 280.95 points to 23,025.50. From the 30-Sensex firms, Bajaj Finance, Larsen & Toubro, Reliance Industries, Eternal, InterGlobe Aviation, and Bajaj Finserv were among

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