India raised its export duty on petrol and cut those on diesel and aviation fuel, its government said in a statement late on Friday, within a day of raising retail fuel prices for the first time since the Iran war started.
The duty on exports of petrol has been raised to 3 rupees ($0.0313) per litre while that on diesel has been cut to 16.5 rupees per litre, the statement said. Export duties on aviation fuel have been cut to 16 rupees per litre.
The rates are being revised on a fortnightly basis and are based on the average international prices of crude oil, petrol, diesel and ATF during the period since the last review.
There is no change in the existing excise duty rates on petrol and diesel cleared for domestic consumption.