⛽ India lowers diesel export tax, petrol duty hits zero
The Indian government has decided to reduce the windfall tax imposed on the export of diesel and Aviation Turbine Fuel (ATF). This move applies across the country, affecting various oil companies. Specifically, the petrol duty has been set to zero starting from the announced date. This policy adjustment aims to keep fuel prices more accessible for consumers amid global price fluctuations. The government will monitor the market response to this significant tax change moving forward. ⛽