Centre Hikes Windfall Tax on Fuel Exports

The Indian government increased the windfall tax on the export of petrol, diesel, and Aviation Turbine Fuel (ATF) effective from August 3, 2026.

This fiscal adjustment impacts the export margins of domestic oil companies as part of the government's ongoing management of energy sector revenues.

The policy change follows periodic reviews of global crude oil price trends and their impact on the domestic economy and refinery profitability.