Centre hikes Petrol export duty to Rs 2.50/litre, cuts Diesel levy to Rs 8.50

New Delhi, Oct 16 (UNI) India has increased the windfall tax on petrol exports while reducing the levy on diesel shipments, according to a government order. The revised duties came into effect on October 16, 2026. Under the revised rates, the export duty on petrol has been raised to Rs 2.50 per litre from Rs 0.50 per litre. Meanwhile, the levy on diesel exports has been reduced to Rs 8.50 per litre from Rs 16 per litre. India first introduced windfall taxes on fuel exports in July 2022 amid a surge in global energy prices. The levies were withdrawn in…