India reimposes windfall tax on diesel, ATF exports; sets rates at Rs 21.5/litre and Rs 29.5/litre

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India has reinstated windfall taxes on diesel and aviation turbine fuel exports, with levies of Rs 21.5 and Rs 29.5 per litre respectively. This policy reversal follows the earlier abolition of such taxes in 2024, as global oil markets remain volatile due to geopolitical tensions.