business / news / / Telegraph India
Economists at Morgan Stanley India said any near-term adjustment in pump prices is likely to be deferred until polling concludes in Assam, Kerala, Tamil Nadu and Bengal.
OMCs are expected to raise retail fuel prices after state elections conclude.
KEY POINTS
- The government has cut special additional excise duty on petrol and diesel by ₹10 per litre each.
- Private retailer Nayara Energy has already increased petrol and diesel prices by ₹5 and ₹3 per litre.
- Morgan Stanley estimates the FY27 fiscal deficit could slip by 0.3–0.5 percentage points due to subsidies and excise cuts.
- Motilal Oswal projects the FY27 fiscal deficit may reach 4.7% if capital expenditure is reduced.
COMPANIES
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