Fuel Price Cut Unlikely, Top Official Says Crude Prices Have "Softened" | Read

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  • Published On: July 25, 2023
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There's no reason to lower excise duty on petroleum products, Revenue Secretary Sanjay Malhotra told NDTV today, explaining that it was already done twice when crude prices were at their peak. Crude prices have since softened, and there's no proposal for further reduction, he said. On taxing online gaming, he said they haven't received any specific written proposal from the Ministry of Electronics and Information Technology.

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