India reimposes windfall tax on diesel and ATF exports
after close1 source ↓written by the desknot a recommendation
- for diesel
- ₹21.5/litre
- for aviation turbine
- ₹29.5/litre
India has reintroduced windfall taxes on fuel exports, setting rates at ₹21.5/litre for diesel and ₹29.5/litre for aviation turbine fuel (ATF). This decision reverses the previous abolition of such taxes, aiming to recalibrate revenue amid global oil market volatility. The tax will impact India's significant outbound petroleum shipments, reflecting a policy shift as geopolitical tensions affect crude prices.
Not investment advice. For informational purposes only.