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

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. Grouped from 2 articles across 2 sources.

2 reports2 sourcesMar 27, 2026, 8:44 AM
FilterCNBC
Clustered coverageABC Australia, CNBC
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CNBCMar 27, 2026, 8:44 AM

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

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.

ABC AustraliaMar 27, 2026, 2:05 AM

Inflation set to soar as fuel costs hit prices of everyday items from bread to ridesharing

Fuel surcharges are being applied across a range of industries, from the delivery of bricks to building sites to Australia's biggest rideshare companies, meaning consumer prices are rising.

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