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
India halved windfall tax on petrol exports to ₹1.5/litre, cut diesel levy to ₹13.5/litre and ATF to ₹9.5/litre from June 1. Domestic duty unchanged; measures aim to ensure fuel availability amid crude above $100 and West Asia conflict
As of September 30, the windfall tax on petroleum crude has been increased to Rs 12,100 per ton, up from Rs 10,000. This move allows the government to generate additional funds for subsidizing LPG and CNG prices for consumers.
