Ethanol blending in petrol can help India save ₹38,000 crore annually: Oil Ministry
More than 20 crore two-wheelers and over 3 crore petrol cars have been operating on these blends without any verified evidence of widespread engine failure, says Minister Suresh Gopi
The Indian government has announced a hike in windfall tax on petrol, diesel, and air turbine fuel (ATF) exports, effective from 3 August 2026. The tax on petrol exports will be increased to ₹3.5 per litre from ₹2.5 per litre, diesel exports to ₹24 per litre from ₹15.5 per litre, and ATF exports to ₹22 per litre from ₹14.5 per litre.
These revisions are part of the Centre's fortnightly review of windfall taxes on petroleum products, which are imposed to ensure fair market conditions when refiners and producers benefit from unusually high gains due to elevated international energy prices.
Brief written by urgent.news from Live Mint's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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