India raises diesel export duty to ₹55.5/l and ATF duty to ₹42/l
Diesel and aviation fuel exporters face immediate higher export duties
- — Petroleum exporters and refiners — must immediately reprice export offers or delay shipments — otherwise customs will collect the higher duty at exit and exporters will incur unplanned margin losses.
- — Airlines' fuel procurement teams — must renegotiate or amend fuel supply contracts now — otherwise deliveries priced to prior duty levels will result in higher landed fuel costs or risk supplier non-delivery.
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