India has sharply increased export duties on diesel and jet fuel to respond to tightening global fuel markets driven by renewed disruption in the Strait of Hormuz.

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…

India has raised export taxes on diesel and jet fuel while cutting the gasoline levy as renewed US-Iran tensions tighten global fuel markets. 35-word social media lead text…