The record
Written from the 1 report below. Nothing here is unsourced.
- The Government of India has raised the windfall tax (special additional excise duty) on exports of petrol, diesel, and aviation turbine fuel, effective immediately from Monday.
- The petrol export tax rose from 2.5 to 3.5 rupees per litre, the combined diesel levy increased from 15.5 to 25.5 rupees per litre, and the ATF duty went up from 14.5 to 22 rupees per litre.
- The government says the move aims to ensure adequate fuel availability in the domestic market amid volatile global crude prices and geopolitical tensions linked to Iran.
What to watch next
- Whether further revisions to the windfall tax rates follow as global oil prices keep changing
- Impact of higher export duties on fuel exports and domestic fuel availability
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1 report
Indian-language1
All filed from India
Named India · Iran · Aviation turbine fuel · Diesel · Petrol · Government of India · IANS · Ministry of Finance · New Delhi · Rahul Kumar
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