 "Petrol, diesel, petrol pump")
India has raised the windfall tax on exports of petrol and cut the duty on diesel.
India has raised the windfall tax on exports of petrol and cut the duty on diesel, according to a government order issued late Thursday.
The export duty on petrol was raised to ₹2.5 ($0.0263) per litre from ₹0.5 per litre, while the duty on diesel exports was cut to ₹8.5 per litre from ₹16 per litre, effective October 16, the order said. India first imposed windfall taxes on fuel exports in July 2022 and withdrew them two years later. The government reintroduced the tax in March 2026 after crude prices jumped during the US-Israeli war on Iran.
The export duties are currently reviewed every fortnight and adjusted in line with movements in international crude oil and petroleum product prices.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)