India raises windfall tax on petrol, cuts duty on diesel
India's government has adjusted export duties on fuel, raising the levy on petrol to 2.5 rupees per litre, up from 0.5 rupees, while cutting the diesel export duty to 8.5 rupees per litre, down from 16 rupees. The changes take effect on October 16, aiming to influence trade flows and domestic pricing and support revenue objectives.