India has cut the taxes paid by consumers on petrol and diesel after the surging cost of crude oil pushed fuel prices to record highs.
However, the move is also expected to boost demand for fuel as countries try to curb fossil fuel consumption.
Global oil prices have jumped this year, which has hit India hard as it typically imports around 85% of the oil it consumes. This has helped push up petrol and diesel prices to record levels.
Source: Energy Industry News (energyindustrynews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK, India plan to connect world's green power gridsBritain and India launched a plan on Tuesday to improve connections between the world's electricity power grids to accelerate the transition to greener energy. We have the New Channel Dedicated to SuicidalVeterans suffering with PTSD, let’s get to the first 100 Subscribers! Watch👇 Pacoooooz Narendic pacoooooz Boooooooris 🤣🤣🤣 Cop26: bring on the jobs and stocks in those sectors
Source: Reuters - 🏆 2. / 97 Read more »
India and China's border dispute will not end anytime soon, former ambassador saysThe latest round of border tensions began 17 months ago following a fatal standoff in the Himalayas. I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Lisa_Danes32 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with him thanks China only respects strength. So India has no choice.
Source: CNBC - 🏆 12. / 72 Read more »
Is India following a hegemonic economic policy in South Asia?Experts argue that New Delhi, which operates the world’s sixth-largest economy, is taking economic measures to 'subjugate' its immediate neighbours like Nepal.
Source: trtworld - 🏆 101. / 63 Read more »
Diwali 2021: India celebrates festival of lights under shadow of Covid-19Marked by feasts and fireworks, Diwali is one of the most important festivals in India. May the light illuminate upon the world, let us see light as we go from day to day.
Source: bbchealth - 🏆 143. / 63 Read more »
Ether hits record high, trading near $4,500, partly pushed by short-term tradersThe cryptocurrency was trading at $4,485, up 3% over the past 24 hours. Only a few days ago, Ether hit a previous record high at $4,458 on Oct. 29, according...
Source: MarketWatch - 🏆 3. / 97 Read more »
Democrats might not touch these taxes on the wealthy, but they're going up anywayA 2017 Republican tax law cut taxes for individuals, business owners and wealthy estates. But those measures are temporary. Strong buy novavax NVAX Reddit wallstreetbets wsbmod RobinhoodApp JoeBiden BarackObama POTUS justinbieber HillaryClinton jimcramer elonmusk US_FDA Cristiano Covid_19 CNBC Reuters vonderleyen EmmanuelMacron Cristiano
Source: CNBC - 🏆 12. / 72 Read more »