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India cuts windfall taxes on diesel, aviation fuel exports

India cuts windfall taxes on diesel, aviation fuel exports

- India has cut windfall taxes on exports of diesel and aviation turbine fuel with effect from October 1, according to a government order issued on Wednesday.

The duty on diesel exports was reduced to 16 rupees per litre from 20 rupees per litre, while the levy on exports of aviation turbine fuel was cut to 10.5 rupees per litre from 15 rupees per litre, the order said.

The duty on petroleum exports remains unchanged at 0.5 rupees a litre.


(Reporting by Nikunj Ohri, writing by Bipasha Dey)

((Bipasha.Dey@thomsonreuters.com;))

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