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Markets3h 10m ago

The central government extended excise duty exemptions on petrol blended with higher ethanol content, as announced in an official notification issued on June 10.

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India

Who
central government, state-run oil marketing companies, consumers, Finance Minister Nirmala Sitharaman
What
The central government extended excise duty exemptions on petrol blended with higher ethanol content, as announced in an official notification issued on June 10.
When
Thu, 11 Jun 2026 04:15:38 GMT · 3h 10m ago
Where
India ·
Why
The move aims to continue the push for cleaner fuel adoption and comes amid rising fuel prices and mounting losses for state-run oil marketing companies due to global crude oil volatility exacerbated by the US-Iran conflict.
The Frontline Impact

How this affects you

This extension of excise duty relief on ethanol-blended fuel is intended to stabilize fuel costs for consumers and support state-run oil companies, which are incurring daily losses of up to ₹1,700 crore, significantly impacting India's energy market.

Story chain

2 events in this thread
  1. Markets1h 55m ago
    Sugar stocks in India gained up to 3.5% in early trade on Thursday after the Centre exempted petrol blended with higher levels of ethanol from excise duty.
    Open article
  2. Currently Reading3h 10m ago
    The central government extended excise duty exemptions on petrol blended with higher ethanol content, as announced in an official notification issued on June 10.

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