India has recently cut export duties on diesel fuel and jet fuel, setting the export duty at ₹23 per litre for diesel and ₹33 for aviation turbine fuel (ATF). Interestingly, the government has opted to leave domestic duties unchanged, maintaining a nil levy on petrol.
This decision comes amid fluctuating global fuel prices and aims to balance export competitiveness while managing domestic fuel costs. Observers are keen to see how this move will impact local fuel prices and the overall market dynamics in the coming weeks.