📷 Image: Wikimedia Commons / Ministry of Finance of India
Business
India to Raise Windfall Tax on Petrol, Diesel and ATF Exports from Aug 3
✍️ livemint.com
🗓 04 Aug 2026, 08:37 AM
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The government will increase the windfall tax on exports of petrol, diesel and aviation turbine fuel, effective 3 August, as part of measures to curb excess profits.
India will raise the windfall tax on exports of petrol, diesel and aviation turbine fuel (ATF) from 3 August.
The hike is part of a broader strategy to curb excess profits earned by fuel exporters during periods of high global prices. The new tax rate will increase the levy on these exports, affecting the revenue streams of companies engaged in international sales.
The government said the measure will help balance the fiscal deficit and support domestic fuel pricing. Exporters are expected to adjust their pricing and supply chains to accommodate the higher tax burden.
The hike is part of a broader strategy to curb excess profits earned by fuel exporters during periods of high global prices. The new tax rate will increase the levy on these exports, affecting the revenue streams of companies engaged in international sales.
The government said the measure will help balance the fiscal deficit and support domestic fuel pricing. Exporters are expected to adjust their pricing and supply chains to accommodate the higher tax burden.