India increased export taxes on diesel and aviation turbine fuel by Rs 7 per litre, while reducing the levy on petrol exports as global crude oil prices surged.

India's government has adjusted windfall taxes on fuel exports, effective July sixteenth. The export duty on petrol has been reduced to two point five rupees per litre. Windfall…

NEW DELHI: The government on Wednesday hiked windfall taxes on the exports of diesel and aviation turbine fuel as crude oil prices rose amid the ongoing crisis in the Middle East…