India Removes Petrol Export Duty, Increases Diesel and ATF Levies

The central government announced the removal of the petrol export duty today, a move aimed at simplifying the fuel export regime. In the same announcement, it increased levies on diesel and ATF, signalling a shift in the fuel pricing structure. The changes are expected to influence domestic fuel prices and the export market, as the removal of the export duty may boost exports while higher diesel and ATF levies could affect industrial and transport sectors. The policy adjustment reflects the government's attempt to balance revenue generation with market stability.