← Top stories
Policy▲ Bullish for Reliance Industries
Centre cuts windfall levies on diesel and ATF exports; diesel duty now ₹16 per litre
The brief
- Diesel export levies fall to ₹16 per litre; ATF export levies fall to ₹10.5
- Revised rates apply for a fortnight; duties on domestically cleared fuel remain unchanged
- Lower export levies may support Reliance Industries’ refining margins, while affecting state-run refiners’ realizations
- Indian refiners buy costly West Asian barrels as Russian supply narrows
- France to send troops to secure Saudi oil plant as Houthi attacks mount
- India loses 6.2 million LPG customers in months as Iran war hits Gulf supplies
- Oil Futures Post Back-to-Back Gains on Escalation Concerns
- Senate narrowly votes down resolution calling for end to Iran war