India hikes windfall tax on diesel, ATF exports sharply amid US-Iran war; cuts petrol levy
- Posted on July 16, 2026
- By Financial Express
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- 1 min read
India hikes windfall tax on diesel, ATF exports sharply amid US-Iran war; cuts petrol levy
India has increased windfall taxes on diesel and ATF exports amid rising global crude prices and US-Iran tensions, while reducing petrol export duty; changes effective from July 16. The move aims to manage fuel exports during market volatility.