Page 78 - Policy Economic Report - September 2026

POLICY AND ECONOMIC
OIL & GAS MARKET

In her welcome address, Ms. Rupinder Brar, Additional Secretary and Nominated Authority setting
the tone of the day she emphasised that transformation of India’s coal sector towards a transparent,
technology-enabled and competitive ecosystem. She noted the surge in Coal production in recent
years from captive and commercial mines, emphasising that energy is the foundation of growth,
development and progress.

Ms. Brar underlined the immense potential of India’s coal sector to unlock domestic resources, drive
production, attract investment and create new opportunities. She also emphasised that the Office of
the Nominated Authority remains open and accessible to all stakeholders, facilitating dialogue and
addressing their concerns and queries to ensure a conducive and transparent framework for
commercial coal mining.

In his insightful address at the of launch of 16th round of Commercial Coal Mine auctions, Shri Sanoj
Kumar Jha, Additional Secretary, Ministry of Coal, highlighted the growing focus on coal gasification
as an important avenue for value addition and innovative utilisation of India’s abundant coal
resources. He emphasised the need to accelerate technology adoption and strengthen the ecosystem
for next-generation coal utilisation. He also stressed the importance of learning from global best
technologies and best practices, while developing solutions suited to India’s requirements. Leveraging
technology, innovation and global expertise can help unlock new possibilities in coal utilisation and
support a more efficient, sustainable and future-ready coal sector.

The Ministry of Coal remains committed to deepening reforms in the coal sector, promoting greater
participation and investment, and ensuring a reliable and affordable energy supply in line with India’s
long-term energy security goals.

19. India cuts windfall taxes on diesel, aviation fuel exports

India has cut windfall taxes on exports of diesel and aviation turbine fuel effective October 1,
according to a government order issued late on Wednesday.

• The export duty on diesel was reduced ?to 16 rupees per litre from 20 rupees per litre, while the
levy on aviation turbine fuel was cut to 10.5 rupees per litre from 15 rupees per litre, the order
showed.

• The duty on petroleum exports remains unchanged at 0.5 r? upees a litre.
• India first imposed windfall taxes on fuel exports in July 2022 and withdrew them two years later.
• The government reintroduced ?the tax in March 2026 after crude prices jumped during the US-

Israeli war on Iran.
• The export d? uties are currently reviewed every fortnight and adjusted in line with movements i? n

international crude oil and petroleum product prices.

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