Export levy on petrol, diesel and ATF hiked
The Indian government has increased export levies on petrol, diesel, and aviation turbine fuel in its latest fortnightly review. These measures are intended to ensure sufficient domestic fuel availability amid ongoing global market volatility.
Why it matters
Adjustments to export levies reflect the government's strategy to manage domestic energy security and inflation in response to international crude oil price fluctuations.
In their latest fortnightly review, the government increased the export levy on petrol to ₹3.5 per litre, diesel to ₹24 per litre and that on aviation turbine fuel (ATF) to ₹22 per litre.
The excise levy on petrol and diesel for domestic consumption remains unchanged.
In the previous fortnightly review July 16, export levy on petrol was reduced to ₹2.5 per litre whilst that on ATF, diesel was increased to ₹15.5 per litre and ₹14.5 per litre respectively.
Against the backdrop of the West Asia crisis, the government has instituted export levies since March 27 onwards to ensure adequate domestic availability of the retails fuel by disincentivising exports.
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