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India cuts windfall tax on diesel, raises petrol tax from July
India has adjusted its windfall taxes on fuel exports, slashing duties on diesel and aviation fuel while increasing the tax on petrol exports. These changes, effective July 1, reflect easing global oil prices and aim to secure domestic supply. Exemptions for exports to neighbouring countries have also been expanded. This move signals a shift in the government's approach to managing fuel revenues amidst fluctuating international markets.
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economictimes.indiatimes.com
India lifts curbs on retail sale of petrol, diesel to commercial buyers from July 1
India has removed restrictions on commercial buyers purchasing petrol and diesel from retail outlets, effective July 1. These emergency measures, implemented in June due to Middle…
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bdnews24.com
India lifts restrictions on sale of petrol, diesel from Jul 1
It lifts the cap on daily diesel purchases imposed to prevent local shortages
