Government won't cut excise duty on petrol and diesel as crude prices remain high, says Revenue Secretary Sanjay Malhotra. India's crude oil basket averaged $81.04 per barrel in February, up from $79.22 in January. Current excise duty is lowest in 4-5 years. Prices have been unchanged since June 2022. Windfall tax on fuel products won't be withdrawn, government reviews it every 15 days.