India raises petrol export duty fivefold to Rs 2.5/litre, cuts diesel levy to Rs 8.5
Times of India 1 hr ago·16 Oct 2026, 4:35 am
The government has adjusted export duties on key petroleum products to curb price volatility. Petrol's duty has been raised fivefold to Rs 2.5 per litre, while diesel's levy has been cut to Rs 8.5 per litre. The duty on aviation fuel remains unchanged at Rs 10 per litre.
This move aims to manage domestic fuel prices by discouraging exports and ensuring adequate supply within the country. It also signals a shift in strategy based on global crude oil trends. For investors, this policy tweak highlights the government's active role in stabilizing the energy sector and managing inflationary pressures.
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- Category: Economy.
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