Excise Duty cut Explained | Govt Cuts Tax But No Relief? |Petrol Diesel Price | Vajiram and Ravi

The government has cut excise duty on petrol and diesel in 2026, but why are fuel prices not falling?
In this video, we break down the real economics behind fuel pricing in India and explain how global events impact your daily expenses.

📊 What You’ll Learn:

✔️ What is Excise Duty and how it works
✔️ Why petrol & diesel are outside GST
✔️ Impact of West Asia conflict on crude prices
✔️ Why tax cuts didn’t reduce fuel prices
✔️ Role of Oil Marketing Companies (IOCL, BPCL, HPCL)
✔️ Impact on inflation, economy & aviation sector

🌍 Why This Topic Matters (UPSC Angle)

• Important for Economy + Taxation + Energy Security
• Relevant for UPSC Prelims & Mains 2026
• Connects global geopolitics with Indian economy

#FuelPrices #ExciseDutycut #PetrolDiesel #OilCrisis #UPSC2026 #IndianEconomy #CurrentAffairs #Inflation #EnergySecurity #UPSCPreparation #GS3 #FiscalPolicy #EconomyExplained #VajiramAndRavi

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