New DelhiIndia’s diesel export duty falls to 16 rupees a litre from 20.
The government imposed it 27 March to keep fuel at home during the West Asia war.
The finance ministry resets export duties every fortnight on oil prices, and cut jet fuel to 10.5 rupees from 15.
Duties on petrol exports stay at 0.5 rupees, and domestic fuel excise is unchanged.
The finance ministry revises the rates again in about two weeks.
How each outlet framed it
drawn from 350+ reports worldwide
- Reuters
- News18
- contextualizes windfall tax's purpose: increasing domestic availability amid West Asia tensions and preventing exporters from exploiting crude price differences; stresses no change to domestic consumption duties
- cnbctv18.com
Sources: News18, cnbctv18.com, Reuters