India has increased the windfall tax on petrol exports to ₹2.5 per litre.
The export duty on diesel has been reduced to ₹8.5 per litre.
Changes took effect on October 16.
The adjustments follow recent changes in global crude oil prices.
The move aims to balance domestic supply and export dynamics.
The government adjusted the taxes to reflect current market conditions.
The decision was made to manage fuel trade more effectively.
The policy change affects both domestic and international markets.
The adjustment comes after a period of price volatility in global oil markets.
The government cited the need for fiscal stability in the energy sector.
The new rates are expected to influence export volumes and pricing strategies.
