Government’s surgical strike on inflation, import duty on 41 petrochemical products abolished, everything from shampoo to medicines will become cheaper. – ..

News India Live, Digital Desk: The Government of India has taken a historic decision amid the ongoing fierce war between Iran, Israel and America in West Asia (Middle East) and the disruptions in the global supply chain. To control inflation in the domestic market and provide relief to industries, the Finance Ministry 41 essential petrochemical products to be imposed on Import duty (customs duty) Has been completely removed. After this notification issued on Thursday, April 2, 2026, now the raw materials used in sectors like plastics, medicines and packaging will become cheaper.

Why was this big decision taken?

Global Crisis: Crude oil prices reach record high due to tension in West Asia $122 per barrel Have reached. The supply chain has been badly affected due to disruption in the movement of ships in the ‘Strait of Hormuz’.

Control on inflation: Due to increase in cost of crude oil, the cost of petrochemical products had increased, which was directly impacting the pockets of the common man. Earlier the government had increased the excise duty on petrol and diesel. Rs 10 per liter There was a reduction of Rs., now this is the second big step.

temporary relief: this discount 2 April 2026 to 30 June 2026 This will be effective till 2020, so that domestic industries do not face shortage of raw materials.

What will be cheaper? (List of major products)

The 41 products on which the government has reduced duty to zero include raw materials for items of daily use:

Chemicals: Manol, Toluene, Styrene, Anhydrous Ammonia, Vinyl Chloride Monomer.

Plastics and Polymers: Polyethylene (PE), Polypropylene (PP), Polystyrene, Polyvinyl Chloride (PVC), PET Chips.

Industrial Raw Materials: Phenol, Acetic Acid, Purified Terephthalic Acid (PTA), Monoethylene Glycol (MEG).

Specialty Chemicals: Epoxy resins, polyurethanes, polyols.

These areas will get direct benefits:

Pharma (Drug Industry): The chemicals used in manufacturing of many medicines will be cheaper.

FMCG and Packaging: Packaging costs of shampoo, soap, detergent and bottles will be reduced.

Automobile: The price of plastic and rubber components used in cars and bikes will decrease.

Textile (clothing industry): With the removal of duty on PTA and MEG used in the manufacturing of synthetic fibers and threads, clothes can become cheaper.

The Finance Ministry believes that this ‘targeted relief’ will provide relief to domestic manufacturers and will reduce the prices of final products, which will directly benefit crores of consumers in the country.