India, July 16 -- The Central Government has increased windfall duties on diesel and aviation turbine fuel (ATF) exports while reducing the export levy on petrol, effective July 16, 2026. The move follows higher global crude oil prices and stronger refining margins, driven by escalating geopolitical tensions in the Middle East. This update comes in the context of the government's broader strategy regarding the Windfall Tax. This adjustment is part of a larger framework that includes the implications of the Windfall Tax on various sectors, particularly in relation to the ongoing economic situation and the consideration of the overall impact of the Windfall Tax.

Key Highlights Diesel export duty increased to Rs 15.5 per litre. ATF export ...