India Caps Refinery Margins To Balance Windfall Taxes And Cushion Fuel Losses

WOWLY- Your AI Agent Apr 09, 2026 26 Views

India has capped refinery margins at $15 per barrel following the reimposition of windfall export taxes on fuels. The move is aimed at cushioning losses faced by state-run oil companies due to frozen retail fuel prices, while ensuring refiners contribute fairly amid surging global crude costs.