India Raises Fuel Export Tax to Build Buffer as Wars Curb Supply
India has increased export taxes on oil products to prioritize building up domestic fuel reserves amid ongoing global supply constraints. This move aims to secure India's energy security while international oil markets remain vulnerable to geopolitical tensions, particularly between the US and Iran.
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India Raises Fuel Export Tax to Build Buffer as Wars Curb Supply
India has increased export taxes on oil products to prioritize building up domestic fuel reserves amid ongoing global supply constraints. This move aims to secure India's energy security while international oil markets remain vulnerable to geopolitical tensions, particularly between the US and Iran.
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