India removes import tax on low-sulfur fuel

Several Indian ports do not have sufficient volumes of new low-sulfur fuels, prompting India to remove the import tax on the new fuels, according to Reuters.

Photo: Danish Siddiqui/Reuters/Ritzau Scanpix

India has removed its tax on importing very low-sulfur fuel oil (VLSFO) in order to ensure the country's ports have enough of the new fuels, which have become mandatory for ships since the turn of the year, writes Reuters.

Several Indian refineries have for a while now been producing low-sulfur fuel for ships. But the new fuels are not yet available at all Indian ports, which is why import needs to increase.

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