India has implemented a significant increase in export duties on diesel and aviation turbine fuel (ATF) in response to rising global oil prices and to secure domestic fuel supplies. The export duty on diesel has surged from ₹21.50 to ₹55.50 per litre, while the duty on ATF has risen from ₹29.50 to ₹42 per litre. This decision, effective immediately, is part of the government's strategy to prevent exporters from taking advantage of price differentials amid geopolitical tensions, particularly following the Iran war. Previously, both fuels were exempt from export duties until just two weeks ago. The revenue department plans to assess the situation every fortnight to adapt to changing market conditions. Analysts from brokerage firm Macquarie predict that oil prices could stabilize between $85-90 per barrel, with potential increases to $110 or even $150 if supply disruptions persist.