– 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 rupees ($0.0263) per litre ​from 0.5 rupees per litre, while ​the duty on diesel exports was cut to 8.5 rupees per litre from ​16 rupees 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.