Government reduces export duty on petrol to nil; diesel and ATF duty also reduced
- The Government of India has set the export duty on petrol to nil effective August 15, 2026, while diesel and aviation turbine fuel export duties are reduced to Rs 24 and Rs 19.5 per litre respectively for the fortnight period.
- These export duties were originally introduced in March 2026 to ensure domestic availability of petrol, diesel, and ATF by discouraging exports amid the West Asia crisis.
- Export levies are reviewed and revised every fortnight based on average international crude oil and fuel prices, with the latest revision reversing some increases made on August 3, 2026.
- There is no change in excise duty rates on petrol and diesel for domestic consumption; the changes apply only to exports.
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India has reduced export duties on diesel, gasoline, and jet fuel, effective from mid-August until the end of the month, according to a government statement. The duty on diesel has been lowered to 24 rupees per liter from 25.5 rupees per liter, Bloomberg reported. The government also reduced the duty on jet fuel to 19.5 rupees per liter from 22 rupees per liter. The duty on gasoline will be zero per liter, down from 3.5 rupees. India had introdu…
Windfall tax on petrol exports cut to 0 after early August hike; diesel duty down ₹1.5/litre, ATF by ₹2.5/litre
The Centre has slashed windfall gains tax on petrol, diesel and ATF exports starting today, weeks after hiking rates amid rising tensions due to the war in West Asia. Here's how much the prices change…
The central government has reduced the windfall tax on exports of petrol, diesel, and aviation fuel. This decision comes at a time of energy uncertainty in West Asia.
Petrol export levy cut to nil, diesel and ATF duties retained: What changes from August 15
In a recent announcement, the government declared a temporary removal of export levies on petrol for a duration of two weeks. However, diesel exports will incur a duty of Rs 24 per litre, while aviation turbine fuel exports will be subject to a Rs 19.5 per litre levy. This new framework is set to take effect from August 15 and will last until August 31.
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