India reinstates windfall tax on diesel and ATF exports

Summary

India has reimposed windfall taxes on diesel and aviation turbine fuel exports, setting rates at Rs 21.5 and Rs 29.5 per litre, respectively. This decision reverses the earlier abolition of such taxes in 2024 amid ongoing volatility in global oil markets due to geopolitical tensions.

Recent Coverage

• India Cuts Fuel Taxes and Curbs Exports as Oil Crisis Deepens

  OilPrice.com • Mar 27

• India Taxes Fuel Exports

  RigZone • Mar 27

• India mandates export tax on refineries selling petrol and diesel overseas

  Economic Times - India Time • Mar 27

• India reimposes windfall tax on diesel, ATF exports; sets rates at Rs 21.5/litre and Rs 29.5/litre

  Economic Times - India Time • Mar 27