Under the revised windfall tax, the duty on the export of which product has been reduced?
- ADiesel
- BATF
- CPetrol
- DLPG
Correct Answer: C
The Government of India revised the Special Additional Excise Duty (SAED)/windfall tax on the export of petroleum products effective July 16, 2026; duties on diesel and ATF were increased, while the duty on petrol was reduced. The objective is to curb excessive profits during the rise in global oil prices, maintain domestic fuel availability, and strengthen energy security.
This question is part of 18 July 2026 Current Affairs Quiz | Daily GK MCQs Online Test.
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