The Narendra Modi government has given up nearly Rs 14,000 crore in tax revenue after slashing excise duty on petrol and diesel earlier this year to cushion consumers from rising global fuel prices triggered by the escalating West Asia crisis. News agency ANI reported that the disclosure was made on Monday (May 25) by Sujata Sharma, Joint Secretary in the Petroleum Ministry, who said the government had taken the financial hit to ensure fuel prices remained under control despite growing pressure on imports and supply chains.