India Adjusts Export Levies on Petroleum Products: Petrol Up, Diesel and ATF Down
Strategic Shifts in Export Taxation The Indian Ministry of Finance announced a strategic revision of export levies on petroleum products effective immediately, increasing the windfall tax on petrol while simultaneously reducing the levies on diesel and Aviation Turbine Fuel (ATF). This regulatory adjustment, released in a formal government notification, aims to recalibrate domestic market supply…