India adjusts windfall taxes on fuel exports as oil prices ease

AI Summary

India adjusted its windfall taxes on fuel exports, reducing duties on diesel and aviation turbine fuel while increasing the export duty on petrol. These changes aim to align with easing oil prices and affect the cost dynamics of fuel exports.

India reduced windfall taxes on diesel and aviation turbine fuel exports while increasing the duty on petrol exports, according to a government order released Tuesday. The export duty on diesel dropped to 8.5 rupees per liter from 14 rupees, while the aviation turbine fuel duty decreased to 7.5 rupees per liter from 12.5 rupees. The ...