India Cuts Fuel Export Duties Amid Global Refined Product Shortage
🛢️ NEW DELHI — India cuts fuel export duties while the world hunts non-Gulf supply. 📌 LOOK CLOSER: India's fortnightly duty cut on petrol, diesel, and ATF makes refined product cheaper to export — relevant when Gulf refinery output is disrupted and Hormuz runs at 10%. Indian refiners on Russian crude are the last major alternative supply node. The catch: duties reset in 14 days, making this a data point, not a structural shift.