India revises its windfall tax framework for refined fuel exports as global oil prices rise. According to reports, the government’s updated export duty rates for diesel and aviation turbine fuel (ATF) take effect on July 16 following the latest review of the windfall tax regime. The change is linked to a rebound in international crude prices, with Brent crude mentioned as having rallied, prompting an adjustment of tax levels under the existing policy mechanism. Alongside the export duty changes, the government also reduces petrol-related duty rates, according to the same coverage. The announcements reflect an approach that moves tax levels based on movements in global benchmarks, aiming to balance domestic supply and price considerations with export pricing dynamics. The reports do not indicate changes to the overall policy structure beyond the revised rates and their start date, which is July 16.