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Govt may extend diesel, gasoline export curbs beyond March 31: Report

The extension of rules may discourage some Indian refiners, mainly private companies, from buying Russian fuels for re-exports to countries

Fuel pump, US, Pump prices
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Reuters
India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year ends this month to ensure the availability of refined fuels for the domestic market, two government sources with direct knowledge of the matter said.
The extension of rules may discourage some Indian refiners, mainly private companies, from buying Russian fuels for re-exports to countries including those in Europe that have stopped purchases of refined products from Russia due to its invasion of Ukraine.
India, the world's third-largest oil consumer, imposed a windfall tax on refined fuel exports last year and mandated that companies sell the

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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