Centre scraps Rs 2.5/litre petrol export duty, hikes diesel levy to Rs 11.5
The Indian government has removed the export duty on petrol while increasing levies on diesel and aviation turbine fuel. These adjustments are part of a regular review process to manage domestic supply amid fluctuating international energy prices.
Why it matters
Changes in export duties directly impact the profitability of energy companies and the availability of fuel within the domestic market.
NEW DELHI: The Centre has scrapped the Rs 2.5 per litre special additional excise duty (SAED) on petrol exports while raising the levy on high-speed diesel from Rs 8.5 to Rs 11.5 per litre and on aviation turbine fuel (ATF) from Rs 10.5 to Rs 11 per litre, according to notifications issued by the Ministry of Finance on Saturday.The revised rates have been notified by the Department of Revenue through separate excise notifications. While the changes to petrol and diesel duties have been covered under the relevant excise notification, Notification No.
Also covering this story
One other newsroom covered this event. We read that version too.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in