Government Cuts Petrol and Diesel Levies, Imposes Export Duty on Fuels

The government has announced a reduction in domestic levies on petrol and diesel. This decision aims to ensure adequate availability of fuel within the domestic market. Lower levies are expected to help stabilize local fuel supplies for consumers. Simultaneously, an export duty has been imposed on diesel and Aviation Turbine Fuel. The export duty is designed to prioritize domestic stock over foreign sales. These measures reflect a strategic response to current energy market conditions. Akashvani News reported the changes as part of a broader economic adjustment. The impact on retail prices will depend on how companies pass on the tax cuts.