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Govts can only cut petrol, diesel tax to ease high inflation pain. Don’t hold your breath yet

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A perfect storm of Covid, supply disruptions, low interest rates and Russia-Ukraine war is behind India’s eight-year high inflation. There’s very little governments can do to tame this. Except cut petrol/diesel taxes to ease the pain. But then, there are no elections on the horizon. So don’t hold your breath.

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