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Telangana

India Eases Windfall Tax Burden On Fuel Exports

India has reduced windfall taxes on petrol, diesel and aviation fuel exports from today. The duty on petrol exports has been abolished, while diesel tax has fallen to ₹24 per litre from ₹25.50. The levy on aviation turbine fuel exports was also cut to ₹19.50 from ₹22, following changes in global crude prices and market conditions.