India lowers export duties on gasoline, diesel and aviation fuel

India will reduce export duties on gasoline, diesel and aviation turbine fuel (ATF) from June 1, Report informs, citing a government statement to local media.

Under the decision, for the next two weeks the export duty will be 1.5 rupees ($0.016) per liter for gasoline, 13.5 rupees ($0.142) per liter for diesel and 9.5 rupees ($0.100) per liter for ATF.

The rates are reviewed every two weeks, taking into account average global prices for oil, gasoline, diesel and ATF in the period since the previous review. Excise duties on gasoline and diesel intended for domestic consumption remain unchanged.