Centre cuts windfall tax on diesel exports, raises levy on petrol

50 per litre from ₹16 per litre. 50 over the previous fortnight. Amid escalating tensions in West Asia, the government imposed an export duty on diesel and ATF on 27 March, revising the rates every fortnight. Domestic supplyThe windfall tax was introduced to ensure domestic availability of petroleum products by discouraging exports during the West Asia war. Reliance Industries is India’s largest petroleum product exporter, while state-run oil marketing companies also cater to overseas markets. Amid tensions in West Asia, oil prices have increased around 10% in the past two weeks. About the AuthorRituraj BaruahRituraj Baruah is a special correspondent covering energy, housing, urban affairs, heavy industries and small businesses at Mint. He has reported on diverse sectors over the last eight years including, commodities and stocks market, insolvency and real estate; with previous stints at Cogencis Information Services, Indo-Asian News Service (IANS) and Inc42.