Topic
tax reduction
Commodities Energy & Petrochemicals #fuel#duty
Deputy Proposes 10p/Litre Fuel Duty Cut for Three Months to Ease Cost of Living
Deputy Lucy Stephenson has proposed a three-month reduction in fuel duty of 10p per litre from 1 October to 31 December, aimed at easing cost-of-living pressures. The current duty is 64p per litre. The proposal is set to be considered by the incoming minister for treasury and resources.
Jun 20, 2026 1 source
Trade Tariffs & Duties #excise duty#fuel exports
India Reduces Excise Duty on Fuel Exports Effective June 1
India has reduced the special additional excise duty on fuel exports, effective June 1. The duty on petrol, diesel, and aviation turbine fuel has been lowered to enhance trade competitiveness.
Jun 1, 2026 1 source
Trade Tariffs & Duties #tariffs#duties
SC Cuts Duty on Exxsol Hexane to 2.5% After Ruling
The Supreme Court of India has ruled that Exxsol Hexane is a pure hydrocarbon, leading to a reduction in import duty to 2.5%. This decision impacts the classification and taxation of the product under customs regulations.
Jun 1, 2026 1 source