India has increased the windfall tax on diesel and aviation turbine fuel (ATF) exports for the fortnight starting June 16. The special additional excise duty on diesel is now Rs 14 per litre, and on ATF is Rs 12.5 per litre. The duty on petrol exports remains Rs 1.5 per litre.
India reinstates windfall tax on diesel and ATF exports, sets petrol export duty at Rs 1.5/litre, effective June 1, 2026, due to changes in global oil prices and refiner margins.
Russia may introduce an export duty on "economically efficient" diamonds in 2026, according to Deputy Finance Minister Alexey Moiseev. He stated this is a protective measure to prevent the industry from being lost after Russia joined the WTO.
In a statement, the Finance Ministry also announced that the road and infrastructure cess on diesel exports will be waived for the next fortnight starting May 1. Meanwhile, the export duty on petrol will continue to remain at zero.
India's government notifies revised export levies for petroleum products for May 1-15, 2026, setting diesel export duty at ₹23/litre and ATF at ₹33/litre, while keeping petrol duty-free. No change in domestic excise duties. Officials say there are no plans to hike retail fuel prices despite supply disruptions from the West Asia crisis.
