India Slashes Windfall Tax on Petrol, Diesel, ATF Exports
The Finance Ministry lowered export levies on petrol, diesel and aviation turbine fuel after a fortnightly review as domestic fuel rates stayed unchanged.
- The Finance Ministry cut export levies on petrol, diesel, and ATF on Wednesday, with revised rates taking effect from September 16 for the next fortnight.
- Introduced on March 27, 2026, these export levies were designed to discourage exports and ensure adequate domestic availability of petroleum products amid the West Asia crisis.
- The levy on diesel was cut by Rs 5 to Rs 20 per litre, while the levy on ATF was lowered by Rs 4 to Rs 15 per litre.
- Petrol levies were reduced to Rs 0.5 per litre, while the government withdrew the Rs 1 RIC on diesel imposed during the previous review.
- The Finance Ministry reviews export levy rates every fortnight based on average international prices of crude oil and petroleum products, with these revised rates remaining in force for two weeks.
32 Articles
32 Articles
Greater Kashmir
Govt cuts windfall tax on petrol, diesel, ATF exports
New Delhi, Sep 17: The government has cut windfall gains tax on export of petrol, diesel and ATF for the fortnight beginning September 16. The rate of special additional excise duty (SAED) along with road and infrastructure cess on export of diesel is now Rs 20 per litre, down from Rs 25 a litre. SAED on export of ATF is set at Rs 15/litre, as against 19/litre earlier. Duty on petrol exports has been slashed to Rs 0.5 per litre effective Septemb…
Petrol and Diesel Prices Today, September 17: Check fuel rates in Delhi, Mumbai, Bengaluru, Hyderabad
Petrol and diesel prices remained unchanged across major cities on September 17, while the government cut windfall taxes on petrol, diesel and ATF exports. Check city-wise fuel and CNG rates in Delhi, Mumbai, Bengaluru, Hyderabad and other cities.
The central government has reduced the windfall tax on the export of petrol, diesel, and aviation turbine fuel (ATF). The new rates came into effect on September 16. The tax on diesel has been reduced from ₹25 to ₹20 per liter, while the tax on ATF has been reduced from ₹19 to ₹15. The duty on petrol has also been reduced from ₹1.50 to ₹50 per liter.
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