India, March 27 -- India has cut fuel taxes as global oil prices continue to surge amid the West Asia conflict

Crude prices have risen sharply, raising concerns over inflation and economic slowdown

Analysts warn a prolonged conflict could trigger stagflation and deepen energy shocks

Export duties have been imposed to ensure domestic fuel supply and limit price spikes

Experts say such measures offer short-term relief but shift costs to public finances

A prolonged conflict in West Asia could trigger stagflation and deepen global energy shocks, analysts warn, as governments move to shield consumers from rising fuel costs. In India, the government on March 27 cut central excise duty on petrol and diesel by Rs 10 per litre each, finance m...