India raises windfall taxes on exports of diesel and aviation turbine fuel (ATF) as global oil prices climb following heightened tensions in the US-Iran conflict, according to reports cited by Business Standard and The Economic Times. The government’s move targets “windfall” gains that exporters may earn when international benchmarks rise above levels used to set tax rates. The changes apply to shipments of diesel and ATF and come as crude-linked costs and refining margins increase in global markets. Both outlets report the update as part of India’s ongoing use of export windfall taxation to manage revenue and price pressures. While the reports focus on the policy adjustment and the external drivers behind oil price movements, they do not indicate that India changes the broader regulatory framework beyond the updated tax levels for these two refined products. The measures are presented as a response to an oil price surge, reflecting how India adjusts export taxation when market conditions shift.