NEW DELHI, April 2 -- The Centre has exempted 40 critical petrochemical feedstocks and intermediates from duties to cushion domestic industry from supply disruptions triggered by the Iran war, the finance ministry said on Thursday.

The relief, which will be in place until end-June, covers key inputs such as ammonia used in fertilizer production, a critical component for food security.

The ministry described the move as a "targeted relief" aimed at ensuring the availability of essential petrochemical inputs, easing cost pressures on downstream sectors, and maintaining supply stability amid the ongoing war in West Asia.

"This measure has been taken as a temporary and targeted relief in order to ensure continued availability of critical p...