NEW The Hindu
Fri 16 Oct 2026 09:30:06 AM
India raises windfall tax on petrol, cuts duty on diesel
SUMMARY
India revised its windfall tax, increasing the levy on domestically produced crude oil and petrol exports while reducing the duty on diesel exports. The government periodically adjusts these taxes based on global oil prices to balance revenue and ensure domestic fuel supply stability.
Relevant For:
Prelims + Mains
GS - III
Economy
Focus Area
Windfall Tax
Petroleum Export Duty
Taxation Policy
Crude Oil Prices
Energy Security
Domestic Fuel Supply
Fiscal Policy
Related