Government increases windfall tax on petrol diesel and aviation turbine fuel

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The Indian government has raised the windfall gain tax on the export of petrol, diesel, and aviation turbine fuel with immediate effect.
The export duty on petrol has been increased from 2.5 rupees to 3.5 rupees per litre, the total levy on diesel exports from 15.5 rupees to 25.5 rupees per litre, and the tax on ATF from 14.5 rupees to 22 rupees per litre.
The government says the tax aims to ensure fuel availability in the domestic market and stop exporters from making excessive profits from international prices, and it will not affect Indian consumers.
The tax was first imposed in July 2022 during the Russia-Ukraine war, scrapped in December 2024, and reintroduced in March 2026 after oil prices spiked during the US-Israel conflict with Iran.

Whether the windfall tax rates are revised again in future fortnightly reviews as global crude prices move
The impact of falling crude prices amid hopes of US-Iran talks on future tax decisions
Whether the government reduces or removes the tax if companies cut back on exports

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