Fuel duty cuts will contain inflation, worsen fiscal balance: Nomura
Nomura says the impact of fuel excise duty cut is not enough to change their CPI inflation projection for FY23, but its impact on fiscal deficit is more certain.
excise duty cut on fuel
May 2022
Centre announces big cut on fuel excise duty, ₹200 subsidy on LPG cylinder
Fuel excise duty cut will have a revenue implication of ₹1 lakh cr a year. Subsidy on LPG will have a revenue implication of ₹6,100 cr a year.
