Market Signal

India Hikes Export Duties on Diesel and Jet Fuel as Crude Tops $85

Sourced from 3 publications

  • •India raised export duties on diesel and aviation turbine fuel in response to Brent crude prices exceeding $85 per barrel.
  • •US-Iran tensions have driven supply disruption concerns around key shipping routes, pushing global crude benchmarks higher.
  • •Retail fuel prices in Delhi, Mumbai, Kolkata, and other major Indian cities remain unchanged as Oil Marketing Companies hold rates steady.
  • •The duty hike is intended to discourage refiners from prioritizing more profitable export sales over domestic supply.

Sources

Diesel, jet fuel exports face higher tax as Brent crude stays above $85

Indiatoday

Gasoline Prices Rise Amid Geopolitical Tensions

Seekingalpha

Petrol, diesel prices today, July 16: Check latest fuel rates in Delhi, Mumbai,...

Indiatimes

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Curated from 3 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.

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