14 Days
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الاقتصادية
India cuts fuel export duties from June
Starting June 1, 2026, India has decided to reduce export duties on gasoline to $0.0158 per liter, on diesel to 13.5 rupees per liter, and on jet fuel to 9.5 rupees per liter, in order to support its oil exports. This comes at a time when Indian governments and companies are raising fuel prices, with gasoline and diesel prices increasing by 5% since the start of the war in Iran, which has led to the blockade of the Strait of Hormuz and impacted global oil supplies. India imports half of its oil needs through this vital passage amid tense geopolitical situations.
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