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Oil industry officials state there is no shortage of LPG, petrol, or diesel in Kerala, with supplies continuing smoothly.
India imports 88 per cent of its crude oil needs and roughly half of its natural gas requirement.
Excise duty reduction on petrol and diesel aims to support oil marketing companies amidst volatile global crude markets.
Global crude oil prices surged by over 4% following attacks on energy infrastructure in West Asia, with Brent crude reaching $111.78 per barrel.
The PIL argued that the compulsory rollout of E20 violated fundamental rights by leaving owners of incompatible vehicles with no viable fuel choice
The retail prices of petrol and diesel are unlikely to be changed.
The shutdown is in protest against the alleged assault on association leaders by tanker lorry drivers' union members.
Nanditha, an Instamart delivery worker, pointed out that despite working over 12 hours daily, their earnings remain limited to Rs 400 to Rs 500.
Nirmala Sitharaman was addressing the media after the 53rd GST Council meeting.
However, Volkswagen company representatives in Kochi said fuel above the specified tank capacity could lead to mishaps.
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