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المشهد العربي
India cuts taxes on fuel export profits
The Indian government has decided to reduce taxes on unexpected profits from the export of gasoline, diesel, and jet fuel, aiming to support the energy sector and boost exports. The modifications took effect starting today, with the tax on exported diesel lowered to 24 rupees per liter from 25.5, and the tax on gasoline completely eliminated after previously being 3.5 rupees. Additionally, the tax on jet fuel has been reduced to 19.5 rupees per liter from 22. This move is part of a regular review responding to changes in global oil prices, following the imposition of taxes on export profits since July 2022 and their further increase in March 2026 due to geopolitical disruptions and rising energy prices.
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