Revenue over relief? Govt has room to cut customers some slack over oil prices, or choose to swell its own pocket
- Posted on September 25, 2024
- By Business News Today
- 3 Views
Revenue over relief? Govt has room to cut customers some slack over oil prices, or choose to swell its own pocket
The recent drop in oil prices could allow the Indian government to increase excise duty while offering moderate fuel price cuts to consumers. This strategy may help ease inflationary pressures. A report by BofA Securities suggests potential revenue gains and reduced import costs, benefiting India's economy.
