The South Asian nation imposed a 21.5 rupee (23 cents) per liter duty on exports of diesel and 29.5 rupees on jet fuel, Finance Minister Nirmala Sitharaman said in a post on X. Diesel and jet fuel together form a significant portion of India’s refined product exports. In previous months, most of the so-called middle distillates — diesel and jet fuel — would be sent to Europe, but that proportion has shrunk as the bloc tightens its restrictions on the use of Russian crude. The export levy should help contain the impact of skyrocketing international gasoline and diesel prices, as exporters will have to pay higher duties, Oil Minister Hardeep Puri said in a separate post on X. India last reduced excise duty on diesel and gasoline in May 2022 to shield consumers during Covid.

Source: Mint March 27, 2026 07:47 UTC