The Indian government has increased windfall taxes on diesel and aviation turbine fuel (ATF) exports while keeping the export duty on petrol unchanged. The revised rates came into effect on June 16 and are expected to impact fuel exporters and refinery margins. The move is aimed at balancing domestic fuel availability and government revenue amid fluctuations in global energy markets. Experts believe the decision reflects India’s strategy to manage fuel exports while protecting domestic consumers from excessive price volatility. The government reviews these taxes periodically based on international crude oil prices and refining margins. Despite the increase in export taxes, domestic petrol and diesel prices remain stable in major cities across the country news as reported.
