US President Trump is considering a temporary suspension of the federal gas tax to ease soaring fuel prices. The federal levy stands at 18.4 cents per gallon for gasoline and 24.4 cents for diesel. Even if paused, analysts expect only modest relief—roughly $2 per tank for many sedans—while state-level tax cuts could deliver larger discounts.
UltraTech Cement says rising expenses tied to plastic packaging and fuel are a major headwind as it targets double digit volume growth in FY27. While the company cautions that these cost pressures could weigh on performance, it is still pushing capacity expansion and expects cement demand to stay supported by urbanisation and government infrastructure spending.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
The government has ruled out financial support for state-run fuel retailers facing losses from selling petrol, diesel and ATF at discounted rates. Even as global crude prices rise, retail fuel prices have remained largely steady, squeezing margins. Officials are effectively signaling that the burden will stay with fuel companies rather than taxpayers.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
