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India Revises Windfall Tax: Petrol Export Duty Up, Diesel and ATF Cut

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The Indian government has announced a revision in windfall taxes on fuel exports, effective from the following day. The export duty on petrol has been increased, while taxes on diesel and aviation turbine fuel (ATF) have been reduced. The windfall tax was originally introduced to boost domestic fuel availability during heightened global supply concerns. The adjustments come amid ongoing conflict in the Middle East, which has continued to impact international energy markets.

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India Revises Windfall Tax: Petrol Export Duty Up, Diesel and ATF Cut · ShortSingh