India Cuts Fuel Export Windfall Taxes
India has reduced windfall taxes on exports of petrol, diesel, and aviation turbine fuel with immediate effect. The government lowered the diesel export duty to 20 rupees per litre alongside cuts for petrol and aviation fuel.
India lowered windfall taxes on fuel exports, cutting diesel levies to 20 rupees per litre from 25 rupees. The government order, issued late Wednesday, reduces costs for domestic refiners. Lower export duties reflect shifting margins in global energy markets.
