Government Hikes Windfall Tax on Diesel and ATF While Slashing Levy on Petrol Exports

Shares of state-run oil marketing companies IOCL, BPCL, and HPCL will remain in focus following the central government's latest revisions to fuel taxation.

The central government raised the special additional excise duty on diesel exports to Rs 11.5 per litre and aviation turbine fuel to Rs 11 per litre.

The export duty on petrol was slashed to zero from Rs 2.5 per litre to address global crude price dynamics and domestic availability.