The move comes even as world leaders have been gathering for the COP26 climate change conference.
India has cut the taxes paid by consumers on petrol and diesel after the surging cost of crude oil pushed fuel prices to record highs.
However, the move is also expected to boost demand for fuel as countries try to curb fossil fuel consumption.
Global oil prices have jumped this year, which has hit India hard as it typically imports around 85% of the oil it consumes. This has helped push up petrol and diesel prices to record levels.
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