India Mandates Export Tax on Refineries Selling Petrol and Diesel Overseas
India has imposed an export tax on petrol and diesel to prioritize domestic supply amid surging global crude oil prices. The move, announced on March 27, 2026, comes alongside excise duty cuts for domestic consumers, ensuring affordability at home while discouraging excessive overseas shipments. Refineries exporting fuel will now face new levies, reviewed fortnightly by…