India cuts fuel excise duty and imposes export levies
Export costs rise while domestic supply is prioritised
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Change
India cut excise duty on petrol and diesel by ₹10 per litre and imposed export levies on diesel and aviation turbine fuel.
Why it matters
The measures discourage exports and redirect fuel supply domestically while also prioritising household and transport gas allocation.
Implications
- — Exporters face higher costs — shipment volumes decline
- — Domestic supply stabilised — industrial users constrained
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