India Slashes ATF, Petrol Export Duties; Keeps Domestic Taxes Steady

When companies send fuel like petrol, diesel and airplane fuel to other countries, India charges special extra taxes.

This week, the government made changes to some of these taxes.

The extra tax on airplane fuel went down a little bit.

The extra tax on sending petrol to other countries went down to zero.

The tax on sending diesel to other countries stayed the same as before.

The government did not change the taxes people pay when they fill up their cars at fuel stations at home.

That means fuel prices at the pump stayed steady.

The government checks world oil prices every two weeks and adjusts these taxes when prices move.

World oil prices have been going up and down because of tensions in places like Iran.

This is why the government keeps changing the export taxes.