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via rediff.comPolitics

India raises windfall tax on diesel and ATF exports and scraps the levy on petrol exports

FROM THE WIRE · REDIFF.COM

The Indian government has increased the windfall gains tax on the export of diesel and Aviation Turbine Fuel (ATF) while simultaneously eliminating the levy on petrol exports for the fortnight starting October 31.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA change in the export windfall levy on fuels for the fortnight from October 31 could affect refiners' margins.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Indian government raised the windfall gains tax on exports of diesel and Aviation Turbine Fuel (ATF).
  2. 02At the same time it eliminated the levy on petrol exports.
  3. 03The measures apply to the fortnight starting October 31.

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