6 hours ago
1
The Central authorities has revised export levies connected petrol, diesel and aviation turbine substance (ATF) for the fortnight opening June 1.
The work has been acceptable astatine ₹1.5 per litre connected petrol exports, ₹13.5 per litre connected diesel exports and ₹9.5 per litre connected ATF exports, arsenic per an authoritative notification.
However, the Centre has near excise work rates connected petrol and diesel sold successful the home marketplace unchanged.
According to the notification, the revised rates person been prescribed based connected the mean planetary prices of crude oil, petrol, diesel and ATF prevailing during the play since the past review.
The export levies were introduced connected March 27, 2026, to guarantee home availability of petroleum products by discouraging exports successful the backdrop of the West Asia crisis. The past revision came into effect connected May 16, 2026.
On May 16, the authorities revised export taxes connected petroleum products, imposing a peculiar further excise work (SAED) of ₹3 per litre connected petrol exports portion reducing the work connected diesel to ₹16.5 per litre.
The notification by the Ministry of Finance stated that the introduction of ₹3 per litre shall beryllium substituted for petrol exports, portion diesel has been revised to ₹16.5 per litre. It further said the roadworthy and infrastructure cess has been reduced to zero connected petrol and diesel exports. Domestic substance taxation rates remained unchanged.
Earlier, export work connected diesel was revised aggregate times. It was archetypal acceptable astatine ₹21.50 per litre connected March 26, past raised to ₹55.5 per litre connected April 11. Later, it was chopped to ₹23 per litre connected April 30, and has present been further reduced to ₹16.5 per litre.
Similarly, aviation turbine substance (ATF) followed a akin pattern. The work was archetypal ₹29.5 per litre, past accrued to ₹42 per litre. It was aboriginal reduced to ₹33 per litre and has present been brought down to ₹16 per litre.
The windfall taxation model was introduced to guarantee capable home substance availability and curb exports amid volatile planetary lipid markets triggered by the West Asia crisis.
