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GOVERNMENT FUEL EXPORT DUTIES
Centre cuts windfall tax on diesel, ATF exports from October 1The Centre has decreased the windfall tax on diesel exports to ₹16 per litre and ATF exports to ₹10.5. This decision, effective from Octobe...
India extends RoDTEP scheme till December 31, keeps export refund rates unchangedThe government extended the Remission of Duties and Taxes on Exported Products scheme until December 31, 2026. This extension ensures that ...
Crude surged. Why didn’t India’s petrol prices?As the West Asia conflict drove up oil costs, India kept a much larger rise from reaching the pump. This explainer dives into how protectio...
RoDTEP scheme extension likely for exporters as September 30 deadline nearsThe government plans to extend the Remission of Duties and Taxes on Exported Products scheme to support exporters. This initiative aims to ...
Gems, jewellery exporters rush to beat new US tariff deadlineMumbai and Surat’s gems and jewellery exporters are stepping up production and rushing shipments to the US ahead of a potential new tariff ...
India has ‘insulated' itself from the 'turbulence' of crude supply shock: Hardeep Singh PuriUnion minister Hardeep Singh Puri said India has so far insulated itself from crude oil and natural gas supply disruptions caused by the We...
India to continue diesel exports despite possible US ban amid tightening global fuel marketIndia remains committed to its diesel export contracts, as stated by Oil Minister Hardeep Puri. The global diesel market faces challenges d...
India's first port-based e-Methanol production facility to produce and supply green fuel to shipsA new Rs 2,300 crore e-methanol plant will be established in Kandla to produce green fuel. This plant is a partnership between Deendayal Po...
Niti Aayog to review export SOPs amid evolving global trade orderIndia plans to evaluate the effectiveness of two export support schemes amidst changing trade dynamics. These schemes, RoSCTL and RoDTEP, h...
Nearly 7 billion litres without a market: Ethanol glut in India fuels search for new buyersIndia’s ethanol industry is deluged with severe oversupply, with nearly 7 billion litres of capacity without a clear market. Installed capa...
US to ban diesel exports? Trump weighs drastic move as White House tells Ted Cruz ‘no’: ReportThe White House has assured Senator Ted Cruz that the Trump administration will not impose a blanket ban on US diesel exports, Bloomberg re...
Food Ministry asks edible oil firms to pass on full benefit of import duty cutsThe Food Ministry has requested edible oil companies to reduce distributor prices following recent import duty reductions. This directive a...
50 litres per customer: Private pumps ration diesel as oil shock deepensPrivate fuel retailers have started limiting diesel sales at their pumps due to rising crude prices. Several Jio-BP outlets have imposed ca...
Skyrocketing diesel prices rattle Republicans as midterms approachDiesel fuel prices have reached record highs due to ongoing conflicts in the Middle East and related supply issues. Republican candidates a...
US diesel futures fall on report of export ban plan; White House calls it fake newsUS diesel futures fell significantly following reports of a potential 90-day export ban. President Donald Trump expressed his support for t...
ADB raised India’s FY27 growth forecast to 7%The Asian Development Bank has raised its FY27 India growth forecast to 7% from 6.6%, citing strong public investment and resilience in ser...
Oil firms face Rs 530 crore daily fuel losses as crude surges: ICRAState-run oil marketing companies IOC, BPCL and HPCL are facing losses of about Rs 8 a litre on petrol and Rs 9 on diesel as crude prices s...
NCP (SP) asks Centre to spell out economic fallout of US tariff threat over Russian oilThe NCP (SP) seeks details on India's economic exposure to a new US law. This legislation authorizes significant tariffs on nations buying ...
Reliance Industries shares gain as govt slashes windfall tax on fuel exports; stock down 21% in 2026 so farReliance Industries shares saw a gain following the government's reduction in windfall taxes on fuel exports. The duty on diesel and petrol...
India slashes windfall tax on petrol, diesel, ATF exportsThe government has reduced windfall taxes on petroleum exports. Levies on petrol, diesel, and aviation turbine fuel have been lowered. This...