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India Hikes Windfall Tax on Petrol, Diesel and ATF Exports Amid Global Market Volatility
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As per a report by Reuters, the government updated its export levies effective immediately, impacting outbound shipments of petrol, diesel, and aviation turbine fuel.
Ethanol Blending Saved Delhi Petrol Prices From Reaching INR 125, Cut Costs by INR 30 per Litre During Global Crude Spikes: Government.
Revised Fuel Export Duty RatesUnder the newly issued government directive, the export duty on petrol has been raised to 3.5 Indian rupees per litre, up from the previous rate of 2.5 rupees.
The duty applicable on aviation turbine fuel has similarly been adjusted upwards to 22 rupees per litre from 14.5 rupees.
Petrol Price List: Which States/UTs Sell Fuel Below INR 100, Above INR 110?.