Middle East crisis: Govt puts export duties on diesel, turbine oil; eyes Rs 1,500 cr collection

2026-03-27 - 10:20

The government has imposed export duties on diesel and turbine fuel to boost domestic availability and energy security, estimating Rs 1,500 crore in revenue. Simultaneously, special excise duties on petrol and diesel were reduced to shield consumers, keeping retail prices stable amid global oil supply concerns.