2 weeks ago
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Seeking to supply further momentum to the export of fuels, the Finance Ministry, successful a precocious gazette notification issued Friday night, informed that it has hiked the export work connected petrol to ₹3 per litre from nil portion reducing the export work connected diesel and aviation turbine substance (ATF) to ₹16.5 and ₹16 per litre, respectively.
There has been nary alteration successful the existing excise work rates for petrol and diesel for home consumption.
Also read: Petrol and diesel terms hikes highlighted connected May 15, 2026
The Ministry has been conducting a fortnightly appraisal to gauge the due levy since the struggle successful West Asia escalated.
The past specified revision was undertaken connected May 1. It reduced the excise work connected the export of diesel to ₹23 per litre from the erstwhile ₹55 per litre and that of aviation turbine substance to ₹33 per litre from ₹42 per litre.
The Special Additional Excise Duty (SAED) connected the export of petrol has been retained astatine nil.
“Export levies [Special Additional Excise Duty (SAED)/Road and Infrastructure Cess (RIC)] connected the exports of petrol, diesel and aviation turbine substance (ATF) were introduced with effect from 27th March, 2026 truthful arsenic to guarantee home availability of petroleum products by disincentivising exports successful the backdrop of the West Asia crisis,” work the government’s connection connected April 30.
