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 stand of the report is implicitly critical, highlighting the disconnect between policy action and public expectation. It underscores that consumers continue to bear high fuel costs despite government intervention. The gist is that fiscal tools are being used to stabilise the energy sector rather than directly reduce inflationary pressures on households. This reflects a broader policy dilemma: balancing fiscal prudence, corporate viability, and consumer welfare in a volatile global oil market.

2.     Avalanche at Zojila Pass highlights fragile mountain infrastructure