The government has significantly increased export duties on diesel and aviation turbine fuel to prioritize domestic availability amidst West Asian tensions. Diesel export duty rose by over 150% to Rs 55.5 per litre, and ATF to Rs 42 per litre, aiming to deter exports and ensure sufficient supply within India.
India has significantly hiked export duties on diesel and Aviation Turbine Fuel (ATF) to Rs 55.5 and Rs 42 per litre respectively, effective immediately. This move aims to curb rising fuel costs impacting airfares and protect airlines and passengers amidst volatile global oil prices. Petrol exports remain duty-free.
Fundamentally, foreign exchange reserves tell us about a country’s ability to service its external debt. The more robust the cover, the better a country’s position of economic strength. So how strong is India placed in terms of foreign exchange reserves?
India’s financial landscape has been revolutionized by UPI, the nation’s digital payments centerpiece. Launched in 2016, it has become the world’s largest real-time payment system by volume, processing billions of transactions monthly. UPI has significantly expanded financial inclusion, bringing millions into the digital economy and setting a global benchmark for inclusive financial innovation.
India’s Securities and Exchange Board of India chairman Tuhin Kanta Pandey assured global investors of the nation’s open and attractive investment landscape. He highlighted strong macroeconomic fundamentals, a growing investor base, and reform-driven policies at a Silicon Valley session. Recent steps to ease FPI registration and digital platform growth were also emphasized.
Delhi’s draft EV Policy 2026-2030 aims to combat air pollution by accelerating electric vehicle adoption. Key features include tax exemptions for affordable EVs, mandatory electrification of three-wheelers and government fleets, and expansion of charging infrastructure. The policy seeks to build a supportive ecosystem for clean mobility.
President Trump reacted positively to a social media post indicating a surge of empty tankers heading to the U.S. to collect crude oil. This follows his assertion that the Strait of Hormuz will be opened, with or without Iran, ahead of high-level talks in Pakistan. Trump also stated the U.S.
India’s domestic LPG production now covers nearly 60% of national demand, easing concerns amid Middle East conflict. Authorities are boosting PNG connections, with over 4 lakh consumers switching recently. Commercial LPG supplies have recovered, and priority is given to essential services. Smaller 5kg LPG cylinders are now more accessible, with supply doubled and documentation simplified.
US senators Elizabeth Warren and Sheldon Whitehouse are urging the CFTC to investigate suspicious oil trading activity preceding President Trump’s Iran conflict announcements. They highlighted significant, well-timed trades on March 23 and April 7, suggesting potential insider trading based on non-public government information.
