Govt announces major hikes in export duties on diesel, jet fuel to ensure domestic fuel availability
Indian Express·2h ago·Neutral
What Happened
India's government significantly increased export duties on diesel to Rs 55.5 per litre from Rs 21.5 and jet fuel to Rs 42 per litre from Rs 29.5, effective immediately. The move aims to discourage fuel exports and ensure domestic availability amid rising global oil prices from West Asia tensions. Export duty on petrol remains zero. The government will review duty rates fortnightly. India's refining capacity exceeds domestic consumption, making it a net exporter.
Key Entities
Government of IndiaFinance MinistryPetroleum MinistryCBICReliance IndustriesDieselAviation Turbine FuelWest AsiaStrait of Hormuz