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Updated · newsquawk.com · Sep 1India Raises Petrol Export Windfall Tax to INR 1.5 From Zero
3 articles · Updated · newsquawk.com · Sep 1Summary
- India lifted its windfall tax on petrol exports to INR 1.5 from zero, with the increase taking effect on Sept. 1.
- The move was flagged in pre-market Indian stocks news and marks a reversal from a zero levy on petrol exports.
- It comes as oil prices have been climbing amid the latest US-Iran geopolitical escalation, a backdrop that has dominated broader market trading.
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