India Cuts Windfall Gains Tax on Petrol, Diesel, and ATF Exports

The Indian government has reduced the Special Additional Excise Duty (SAED) on petrol exports to zero, and also lowered duties on diesel and Aviation Turbine Fuel (ATF) exports. The SAED rate on diesel export is now ₹24 per litre, down from ₹25.5, and on ATF exports is ₹19.5/litre, down from ₹22.