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India has raised windfall taxes on exports of diesel and aviation turbine fuel as global oil prices surge amid an escalation of the US-Iran conflict, Reuters reports citing a government order.
The duty on diesel exports has been raised to 15.5 rupees ($0.1610) per litre from 8.5 rupees per litre, while the aviation turbine fuel duty has been increased to 14.5 rupees per litre from 7.5 rupees.
The new rates will apply from July 16.
