09 Apr 2026 | 5 Mins Read
India caps refinery margins after tax to limit fuel losses
Flipitmoney
India caps refinery margins at USD 15 per barrel to offset losses on domestic fuel sales, capping earnings above this threshold as a discount on fuel sold to state-run marketing companies, effectively transferring windfall gains to cover retail losses. The govt imposed a windfall tax on fuel exports and fixed discounts on refinery transfer prices for various fuels, including diesel, ATF, kerosene.