THE HINDU DATED 29TH MARCH 2026

Summary of Important News Items and Editorials-147

THE HINDU DATED 29TH MARCH 2026

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1.     Excise duty cut on fuel but no relief for consumers

The Union government reduced excise duty on petrol and diesel by ₹10 per litre, yet retail prices remain unchanged. The event appears paradoxical at first glance, as tax cuts typically translate into lower consumer prices. However, the logic lies in shielding oil marketing companies (OMCs) from losses caused by elevated global crude prices. Instead of passing benefits to consumers, the fiscal adjustment acts as a buffer for supply-side stress. The sta