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Economy

Moody's sounds a note of caution against reducing excise duty on petrol and diesel

Updated : June 18, 2018 08:31 AM IST

Every rupee cut in excise duty on petrol and diesel will result in a revenue loss of about Rs 13,000 crore.
The government plans to bring down the fiscal deficit.
The price of Indian basket of crude surged from $ 66 a barrel in April to around $74 currently.
Moody's sounds a note of caution against reducing excise duty on petrol and diesel
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