India raises taxes on diesel and jet fuel exports
15/07/2026 19:12
India raises taxes on diesel and jet fuel exports July 15 (Reuters) - India has raised windfall taxes on exports of diesel and aviation turbine fuel as global oil prices surge amid an escalation of the U.S.-Iran conflict, according to a government order.
The duty on diesel exports has been raised to 15.5 rupees($0.1610) per litre from 8.5 rupees per litre, while the aviation turbine fuel duty has been increased to 14.5 rupees per litre from 7.5 rupees.
The new rates will apply from July 16.
($1 = 96.2500 Indian rupees)
(Reporting by Nikunj Ohri in Delhi, Anusha Shah in Bengaluru; Editing by Chris Reese)
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