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  In a significant relief measure for millions of Indian consumers, the Central Government has sharply reduced special additional excise duty on petrol and fully exempted diesel to shield citizens from the sharp spike in global crude oil prices triggered by the ongoing West Asia crisis. The move comes as international crude benchmarks have climbed dramatically, with reports indicating prices rising from around $70 per barrel to as high as $122 in recent weeks due to supply disruptions. Why the Government Cut Fuel Excise Duty Now The Finance Ministry issued a notification reducing the special additional excise duty (SAED) on petrol from ₹13 per litre to just ₹3 per litre, while completely scrapping the ₹10 per litre duty on diesel. This timely intervention aims to prevent a direct pass-through of higher international costs to retail fuel prices at pumps across the country. Union Petroleum and Natural Gas Minister Hardeep Singh Puri explained the rationale behind the decision. H...