India cuts windfall tax on export of petrol, diesel, and aviation fuel

Export duty on diesel has been reduced to ₹20 per litre from ₹25, while levies on petrol have been cut to ₹0.5 from ₹1.5 per litre, respectively

India has lowered windfall taxes on exports of petrol, diesel and aviation turbine fuel with immediate effect, according to a government order issued late on Wednesday.

The duty on diesel exports has been cut to ₹20 per litre from ₹25 earlier.

The levy on export of petrol been cut to ₹0.5 per litre from ₹1.5 earlier.

The tax on aviation turbine fuel has been set at ₹15 per litre from ₹19 earlier.

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