[responsivevoice_button voice="Hindi Female" buttontext="Listen This News"]
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 rupees 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.