Economy
India Slashes Windfall Tax on Fuel Exports Effective Saturday
Moneycontrol2h
THE BRIEF
1
The Indian government announced a reduction in windfall taxes on diesel and aviation turbine fuel (ATF) exports, effective from Saturday, August 15, 2026.
2
The export duty on petrol has been set to zero, reflecting the latest adjustments in global crude oil price trends and domestic refining margins.
3
This fiscal move aims to balance domestic supply requirements with the profitability of oil marketing companies amid fluctuating international energy prices.