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India cuts windfall taxes on ATF

India has slashed windfall taxes on locally produced crude oil, and for exported diesel and aviation turbine fuel, in line with the decline in international prices.

The government also removed a 5-rupee-per-liter levy on the export of aviation fuel.

Indian Oil Corp., the nation’s largest fuel retailer, has lowered prices for aviation fuel by about 4.5% to INR 115,520.27 every kiloliter in Delhi from October 1 to pass on the benefit to consumers.

 

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