Fuel Excise Duty Cut Is ‘Credit Negative’ For India, Says Moody’s
An employee fills a customer’s motorbike’s tank with gas at a Reliance petrol Station in Hapur, India (Photographer: Amit Bhargava/Bloomberg News.)

Fuel Excise Duty Cut Is ‘Credit Negative’ For India, Says Moody’s

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The excise duty cut on petrol and diesel is “credit negative” for India as it will reduce the government’s revenue, Moody’s Investors Service said on Tuesday. This will lead to an increase in fisca...
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