India's Excise Cuts Shielded Consumers From $120/bbl Crude Shock, Says Former MoPNG Official

Sunjay Sudhir credits May 2022 duty reductions and discounted Russian crude imports with blunting pump-price pain, though fiscal cost ran near ₹1 lakh crore and prices had already risen before relief arrived.

ndtv-profit-business · 6/30/2026, 4:16:26 PM · Ask about this →