Reuters
India cuts windfall tax on exports of petrol, diesel, aviation fuel
⏷ This article is from 2026-08-14 • More recent news →
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India has cut windfall export taxes on petrol, diesel and aviation turbine fuel effective Saturday, according to a government order. The duty on diesel exports falls to 24 Indian rupees (about $0.2515) per litre from 25.5 rupees, while the export levy on petrol is set at zero from 3.5 rupees per litre. Aviation turbine fuel is taxed at 19.5 rupees per litre, down from 22. India first introduced windfall taxes in July 2022, removed them two years later, then reintroduced them in March 2026 after oil prices surged amid the U.S.-Israeli war on Iran.
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