India takes a ‘huge hit’ on tax revenue to keep fuel prices from surging during the Iran war

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India takes a huge tax revenue hit as it cuts fuel excise duties to shield consumers from soaring oil prices caused by the Iran war.

Source: Cnbc.com

Original source: https://www.cnbc.com/2026/03/27/india-fuel-tax-cut-oil-prices-iran-war-impact.html

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