2025-04-08Niranjan Ghatule
The government has swiftly responded to the recent drop in global crude oil prices by increasing the excise duty on petrol and diesel. While this move boosts government revenue, it also offers relief to oil marketing companies (OMCs) struggling with LPG under-recoveries. Here’s how leading brokerages like CLSA, HSBC, and CITI view the development.
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