India raises export tax on diesel and jet fuel, lowers gasoline export tax
According to Golden Ten Data on July 16, the Indian government announced adjustments to windfall taxes on petroleum product exports effective from July 16. Specifically, the windfall tax on diesel exports will be raised from 8.5 rupees per liter to 15.5 rupees per liter, the export tax on aviation turbine fuel will increase from 7.5 rupees per liter to 14.5 rupees per liter, while the export tax on gasoline will be reduced from 4 rupees per liter to 2.5 rupees per liter.
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