The government raised the windfall tax on petrol exports to Rs 2.5 per litre and reduced the diesel export duty to Rs 8.5 per litre from October 16. The fortnightly revision comes amid volatile global crude oil prices and geopolitical tensions
The government has cut export duties on petrol, diesel and aviation turbine fuel as part of its fortnightly review. Petrol duty was lowered to Rs 0.5 per litre, diesel to Rs 20 and ATF to Rs 15
The government has increased windfall gains tax on diesel and aviation turbine fuel exports while keeping petrol export duty unchanged. The revised levies, effective Tuesday, aim to ensure domestic fuel availability amid global crude price volatility and geopolitical tensions in West Asia
