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India withdraws new import duty on private-sector LPG importers as regional prices mount

September 29, 2023 Comments Off

India’s government has withdrawn a new 15% duty on private-sector importers bringing propane and butane into the country effective Sept. 1, following rising Saudi Aramco Contract Prices and amid unhappiness in the non-government sector over the adverse impact of the additional import levy. Oil ministry officials confirmed the withdrawal when contacted by S&P Global Commodity Insights. The funds collected under…