Export duty on diesel, ATF slashed; petrol unchanged

The Indian government has reduced export duties on diesel and Aviation Turbine Fuel (ATF), while keeping petrol prices unchanged. This move aims to boost exports of these fuels, which are in high demand globally. The decision is significant for the economy, as it could help increase foreign exchange earnings and support the country's trade balance.

Why it matters

The government has slashed export duties on diesel and ATF, which could lead to increased exports and reduced refining margins. This move is likely to negatively impact the profitability of oil refiners.

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