Summary of Important News Items and Editorials-146
Summary of Important News Items and Editorials-146
THE HINDU DATED 28TH MARCH 2026.
(for reading HINDU News items from 1 to 145 please visit –
web.prernaforias.com)
1. Centre cuts excise duty on petrol and diesel, but pump prices stay unchanged
The Union government reduced excise duty on petrol and diesel by ₹10 per litre each, yet retail prices were left unchanged. The event is significant because a tax cut would ordinarily be expected to bring relief to consumers. The logic offered in the report is that the reduction is intended to cushion oil marketing companies from the burden of high international crude prices rather than immediately lower pump prices. In other words, fiscal sacrifice has been used to stabilise supply-side pressures in
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