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The export duty on petrol was raised to Rs. 2.5 ($0.0263) per litre from Rs. 0.5 per litre, while the duty on diesel exports was cut to Rs. 8.5 per litre from Rs. 16 rupees per litre, effective October 16, as per the report.
India first imposed windfall taxes on fuel exports in July 2022 and withdrew βthem two years later. The government reintroduced the tax in March 2026 after crude prices jumped during βthe 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.
Government increase petrol export duty while reducing diesel export duty to Rs. 8.5/litre
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