Government reduces levies on fuel exports
News: As per media reports, Government of India has reduced additional excise duty on exports of diesel and ATF by Rs 2/litre. Also, additional excise duty on petrol has been removed.
Views: Post some moderation in product cracks in July, the government has reduced excise duty on fuel exports. This will benefit the refining companies. The new changes in excise duty will come into effect from July 20.