Govt slashes excise duty on petrol, diesel to shield consumers, oil companies | India News
NEW DELHI: The Centre stepped in to shield consumers and oil companies from the impact of high crude prices — which have surged 62% this month over Feb for Indian refiners — and slashed excise duty, a move that will leave a Rs 1.3 lakh crore hole for the exchequer.With fuel retailers, including IndianOil, Hindustan…