Centre raises windfall tax on petrol, diesel and ATF exports from August 3

The Centre has once again revised the windfall tax on fuel exports, raising duties on petrol, diesel and aviation turbine fuel (ATF) for the next fortnight while keeping domestic fuel duties unchanged.According to a finance ministry notification, the revised special additional excise duty (SAED) will come into force from August 3.The SAED on diesel exports has been increased to Rs 25.5 per litre from Rs 15.5 per litre. The levy on ATF exports has been raised to Rs 22 per litre from Rs 14.5 per litre, while the duty on petrol exports has gone up to Rs 3.5 per litre from Rs 2.5 per litre, the rate notified on July 16.There is, however, no change in the duty rates on petrol and diesel cleared for domestic consumption.The export duty on diesel and ATF was first imposed on March 27 as tensions in the Middle East escalated.