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India Hikes Diesel and Jet Fuel Export Tax
India has hiked the export duties it will be charging on exports of diesel and jet fuel for the two weeks starting July 16, as the return of the Hormuz crisis is set to further tighten fuel markets.
Summary
India has hiked the export duties it will be charging on exports of diesel and jet fuel for the two weeks starting July 16, as the return of the Hormuz crisis is set to further tighten fuel markets. The export taxes on diesel and aviation fuel were nearly doubled per liter of the fuels, a notice from India’s Finance Ministry showed on Thursday.
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