India adjusts windfall tax on diesel, raises petrol tax
pre-market1 source ↓written by the desknot a recommendation
India has reduced diesel export duty to ₹8.5/litre from ₹14, and aviation turbine fuel duty to ₹7.5/litre from ₹12.5. Conversely, the petrol export duty has increased to ₹4/litre from ₹1.5. These changes, effective from 01 Jul 2023, aim to stabilize domestic supply amid declining global oil prices.
Not investment advice. For informational purposes only.