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 "Gasoline, Petrol, diesel, fuel")
India currently revises the export levies every fortnight, based on international prices of crude oil and petroleum products | Image: Bloomberg
India has lowered windfall taxes on exports of petrol, diesel and aviation turbine fuel with effect from Saturday, according to a government order.
The duty on diesel exports has been cut to ₹24 ($0.2515) per litre from ₹25.5, while petrol duty has been set at zero rupees per litre, down from ₹3.5, the government order showed.
The tax on aviation turbine fuel has been set at ₹19.5 per litre from ₹22 earlier.
India first imposed windfall taxes in July 2022 to capture extraordinary gains from soaring oil prices and scrapped it two years later. The levy was reintroduced in March 2026 after oil prices surged during the US-Israeli war on Iran.
India currently revises the export levies every fortnight, based on international prices of crude oil and petroleum products.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Aug 15 2026 | 10:19 AM IST
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