India Increases Windfall Tax on Diesel and ATF Exports

The Indian government has raised the windfall tax on diesel exports to Rs 14 per litre. Additionally, the tax on Aviation Turbine Fuel (ATF) exports has been increased to Rs 12.5 per litre. These changes represent the latest adjustment to the levies imposed on fuel exports. The specific rates for diesel and ATF have been updated respectively as per the new notification. This decision modifies the existing financial framework for oil companies exporting these products. The hike in windfall tax is a direct response to current market conditions regarding fuel exports. The revised rates are now in effect for the relevant export categories. This development highlights the government's continued intervention in the fuel export sector.