Petrol and diesel prices stable despite excise duty cut
pre-market1 source ↓written by the desknot a recommendation
- excise duty cut
- ₹10 per litre
- per barrel
- $70 to nearly $122
Petrol and diesel prices remained unchanged on 28 Mar 2026, despite a ₹10 per litre excise duty cut announced by the government. The Ministry of Petroleum stated that the reduction would not lower pump prices but help offset the widening under-recovery gap for state-run oil marketing companies. With Brent crude prices rising from $70 to nearly $122 per barrel, the government aims to mitigate potential price surges in the region.
Not investment advice. For informational purposes only.