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The Hindu Businessline

Economy / The Hindu Businessline

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Indian refiners face prospect of margin squeeze as govt reinstates export duties

Industry observers say the benefits from cut in excise duties on both petrol and diesel to support OMCs is likely to be offset by the windfall tax on export of diesel and ATF due to dip in refining margins and the mandate to produce more liquified petroleum gas (LPG)

31 Mar 2026 9:07 pm