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الشرق اللبنانية
India lowers duties on fuel exports
The Indian government has reduced customs duties on the export of gasoline, diesel, and jet fuel for a period of two weeks starting from June 1st, aiming to mitigate the effects of rising global oil prices and facilitate fuel exports. The duties are set at 1.5 rupees per liter for gasoline, 13.5 rupees for diesel, and 9.5 rupees for jet fuel, subject to review every two weeks based on international prices. This move comes amid tensions that have restricted navigation through the Strait of Hormuz, impacting global oil supplies and prices.
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