India revises fuel export duties, raises petrol tax and cuts diesel levy

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The revised levies follow the government’s return to taxing fuel exports in March 2026 after crude prices surged during the US-Israeli war on Iran

By Reuters

Updated - October 17, 2026 at 12:01 AM.

India has raised the windfall tax on petrol exports and reduced the export duty on diesel, effective October 16. | Photo Credit: iStockphoto

India has raised ‌the windfall tax on exports ​of petrol ⁠and cut the duty on diesel, according to a government ‌order issued late Thursday.

* The export duty ‌on petrol was ‌raised ⁠to ₹2.5 ($0.0263) ⁠per litre from 0.5 rupees per litre, while the ​duty on diesel ‌exports was cut to ₹8.5 per litre from ₹16 per litre, ‌effective October 16, the ​order said.

* India first imposed windfall ⁠taxes on fuel exports in July 2022 and withdrew ‌them two years later.

* The government reintroduced the tax in March 2026 after crude prices jumped during the ‌US-Israeli war on Iran.

* The ​export duties are currently reviewed every fortnight and ⁠adjusted in line with ⁠movements in international crude oil and petroleum product ‌prices.

Published on October 16, 2026

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