Govt hikes windfall tax on petrol and diesel exports

The government has hiked windfall gains tax on exports of petrol, diesel and ATF from August 3. The tax on diesel exports has been hiked from ₹15.5/litre to ₹24/litre, while that on ATF exports has been hiked from ₹14.5/litre to ₹22/litre. Duty on petrol exports has been raised from ₹2.5 per litre to ₹3.5 per litre.