India raises taxes on diesel and jet fuel exports
India increased windfall taxes on diesel and aviation turbine fuel exports amid rising global oil prices due to escalating U.S.-Iran tensions. The export duty on diesel rose to ₹15.5 per litre from ₹8.5, while aviation turbine fuel duty increased to ₹14.5 per litre from ₹7.5. The new rates will take effect from July 16.