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The government has imposed a Rs 3 per litre windfall tax on petrol exports while reducing levies on diesel and aviation fuel. These revised rates, effective May 16, aim to ensure domestic fuel availability and prevent excessive profits from elevated global crude oil prices amid the West Asia conflict. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/qbW0N4h >

Fuel prices have surged across India, with petrol now exceeding Rs 110 per litre in several states and diesel nearing Rs 100 in many regions. This hike, averaging Rs 3 per litre, follows sustained pressure from elevated global crude oil prices, exacerbated by the West Asia crisis. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/c9gqIY6 >

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Mitsui OSK Lines anticipates further container rate increases due to a gap between rising bunker oil costs and freight rates, particularly in Asia. While a prolonged conflict could impact demand, the company remains bullish on India's growth, expanding its fleet for energy and vehicle transport. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/oqOILbZ >