The Indian government has reported a revenue loss of nearly ₹14,000 crore following the reduction of excise duty on petrol and diesel to alleviate the financial burden on consumers amid rising fuel prices due to the ongoing crisis in West Asia. Sujata Sharma, Joint Secretary in the Petroleum Ministry, stated that the central excise duty was cut by ₹10 per litre on March 27, 2023, in response to escalating global crude oil prices. Despite these measures, oil marketing companies (OMCs) are still facing substantial losses, amounting to approximately ₹600 crore daily. To combat potential supply shortages, domestic LPG production has been ramped up to 50,000 tonnes per day, and the government is closely monitoring fuel supplies to prevent panic buying, particularly in states like Gujarat, Maharashtra, and Uttar Pradesh. Additionally, there has been significant progress in expanding piped natural gas (PNG) connections, with 7.99 lakh connections already gasified.