India cuts windfall tax on diesel, raises petrol tax from July

India has adjusted its export duties on petroleum products, reducing levies on diesel and aviation fuel as global oil prices decline. The duty on diesel exports is now 8.5 rupees per litre, and aviation fuel is 7.5 rupees per litre. Conversely, the tax on petrol exports has been raised to 4 rupees per litre to bolster domestic availability.

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