India cuts windfall tax on diesel, raises petrol tax | TheBriefWire
India cuts windfall tax on diesel, raises petrol tax
Published 30 June 2026 ยท india
Synopsis India has adjusted its windfall taxes on fuel exports, slashing duties on diesel and aviation fuel while increasing the tax on petrol exports. These
Synopsis India has adjusted its windfall taxes on fuel exports, slashing duties on diesel and aviation fuel while increasing the tax on petrol exports. These changes, effective July 1, reflect easing global oil prices and aim to secure domestic supply. Exemptions for exports to neighbouring countries have also been expanded. This move signals a shift in the government's approach to managing fuel revenues amidst fluctuating international markets.
Published: June 30, 2026 โข 9:29 PM IST ยท Updated: July 1, 2026 โข 8:07 AM ISTBy TheBriefWire Editorial Team
Key points
Synopsis India has adjusted its windfall taxes on fuel exports, slashing duties on diesel and aviation fuel while increasing the tax on petrol exports.
These changes, effective July 1, reflect easing global oil prices and aim to secure domestic supply.
Exemptions for exports to neighbouring countries have also been expanded.
This move signals a shift in the government's approach to managing fuel revenues amidst fluctuating international markets.