India Prioritizes Domestic Fuel Amid Global Price Surge, Imposes Export Duties

• Government takes calibrated steps to ensure adequate domestic availability of petroleum products.
• Special Additional Excise Duty (SAED) and cess imposed on exports of diesel and ATF to curb exports.
• Duties on petrol exports remain nil; all duties to be reviewed fortnightly.
• Domestic duties on petrol and diesel reduced significantly to ease consumer burden.
• India has sufficient crude inventories, and LPG/LNG supply remains comfortable despite global market volatility.