The Indian government has announced a significant relief package for the petrochemical sector, estimating a revenue loss of ₹1,800 crore (approximately $216 million USD) over the next three months due to duty exemptions. These exemptions, effective from April 2 to June 30, encompass various essential inputs including methanol, styrene, acetic acid, and polyvinyl chloride (PVC), which are crucial for multiple industries. The decision comes in response to rising crude oil and gas prices and supply chain disruptions linked to the ongoing conflict in West Asia. Industries such as pharmaceuticals, paints, textiles, and consumer goods, heavily reliant on these petrochemical inputs, are facing significant cost pressures. Labour-intensive sectors, particularly textiles, are showing early signs of employment stress due to limited pricing power. The government aims to manage supply-side pressures and mitigate broader economic impacts until global supply chains stabilize.