India raises export duty on petrol, cuts those on diesel and aviation fuel

Reuters

India raised its export duty on petrol and cut ​those on diesel and aviation ​fuel, its government said in a statement ⁠late on Friday, within a day ​of raising retail fuel prices for the ​first time since the Iran war started.

The duty on exports of petrol has been raised to ​3 rupees ($0.0313) per litre while that ​on diesel has been cut to 16.5 rupees ‌per ⁠litre, the statement said. Export duties on aviation fuel have been cut to 16 rupees per litre.

The rates are being ​revised on ​a fortnightly ⁠basis and are based on the average international prices of ​crude oil, petrol, diesel and ​ATF ⁠during the period since the last review.

There is no change in the existing excise ⁠duty ​rates on petrol and ​diesel cleared for domestic consumption.