Govt cuts windfall tax on export of petrol, diesel, aviation fuel
The government has lowered windfall tax on exports of petrol, diesel and aviation turbine fuel with immediate effect. The duty on diesel exports has been cut to ₹20/litre from ₹25/litre. The levy on export of petrol has been cut to ₹0.5/litre from ₹1.5/litre, while the tax on aviation turbine fuel has been set at ₹15/litre from ₹19/litre.