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Policy● Neutral for Indian equities
Export duty on diesel, ATF slashed; petrol unchanged
The brief
- The government has slashed export duties on diesel and ATF; petrol duty is unchanged
- Export levies have been reviewed fortnightly since March 27 amid the West Asia conflict
- Export-duty changes may affect refining margins at Indian oil companies
- Mangalore Refinery Petrochem cancels fuel export tenders after fire at site
- Russia extends diesel export restrictions through October
- Russian Crude Exports Boom Blunted by Kremlin’s Diesel Sales Ban
- Why global diesel prices are rising and Indian retailers are limiting sales
- Cheaper at pumps, costlier in bulk: Jio-bp, Nayara cap diesel sales; PSUs may follow: Report