The government has decided to raise the windfall tax on fuel exports, now charging Rs 3.5 per litre for petrol and a steep Rs 24 per litre for diesel. This increase is part of the Centre's routine assessment of petroleum taxes, aimed at taxing the high profits made by refiners amid rising global energy prices.

The government has decided to raise the windfall tax on fuel exports, now charging Rs 3.5 per litre for petrol and a steep Rs 24 per litre for diesel. This increase is part of the…

India has increased the windfall tax on petrol, diesel and ATF exports, with the revised rates taking effect from August 3, as per an official order.