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India cuts export duties on petrol, diesel and aviation turbine fuel

 

India will cut ​its ​export duty on petrol diesel and aviation turbine fuel (ATF) for the fortnight starting June 1, its government said ⁠in a statement on Saturday.
The ⁠duty on exports of petrol has been set at 1.5 ‌rupees ($0.0158) per litre ​while that ⁠on diesel has been ​set at 13.5 rupees ‌per litre, the statement said. ​Export duties on ATF have been set at 9.5 rupees per litre.
The rates are being revised on ‌a fortnightly basis and ​are based on the average international ​prices ‌of ⁠crude oil, petrol, diesel and ATF during the period since ​the last review.
There ⁠is no ​change in the existing excise duty rates on petrol and diesel cleared for domestic ​consumption.