Govt. cuts windfall tax on export of petrol, diesel and ATF

The Indian government has reduced the windfall tax on the export of petrol, diesel, and aviation turbine fuel (ATF). This means that exporters of these fuels will now pay a lower tax on their sales. The duty on diesel exports has been cut to ₹20 per litre from ₹25 earlier, which could make Indian diesel more competitive in the global market. This move is likely to boost India's fuel exports and support the country's economy.

Why it matters

The government's cut in windfall tax on fuel exports will increase the profitability of Indian refiners. This could lead to higher investor sentiment and better stock performance for these companies.

Market impact

Transmission channels

Likely winners & losers

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