India revised windfall export levies: diesel cut to ₹8.50/litre; petrol raised to ₹2.50

India’s Finance Ministry revised windfall taxes (export levies) on petroleum products effective October 16, 2026. The export levy on diesel was cut to ₹8.50 per litre from ₹16, while the export levy on petrol was increased to ₹2.50 per litre from ₹0.50; the levy on aviation turbine fuel remained unchanged at ₹10.50 per litre, and domestic excise duties were unchanged.