India raises petrol export duty fivefold to Rs 2.5/litre, cuts diesel levy to Rs 8.5

 In a recent policy shift, the Indian government has raised the export duty on petrol to Rs 2.5 per litre while reducing the diesel duty to Rs 8.5 per litre. This adjustment reflects the government’s continuous evaluation of export duties based on global crude oil pricing, which occurs biweekly. Interestingly, the export duty for aviation turbine fuel remains steady at Rs 10. In a recent policy shift, the Indian government has raised the export duty on petrol to Rs 2.5 per litre while reducing the diesel duty to Rs 8.5 per litre. This adjustment reflects the government’s continuous evaluation of export duties based on global crude oil pricing, which occurs biweekly. Interestingly, the export duty for aviation turbine fuel remains steady at Rs 10.