The windfall tax levied by the federal government on the export of petrol, diesel, and aviation turbine fuel (ATF) has been reduced. These revised rates have become effective from June 1. According to a finance ministry notification, the windfall tax on petrol exports is currently ₹1.5 per liter, which is half of what it used to be earlier. The duty on diesel exports has been reduced to ₹13.5 per liter, and that on ATF to ₹9.5 per liter.
The notification states that the Road and Infrastructure Cess (ROI) on petrol and diesel exports will remain zero. The government has clarified that there has been no change in the existing duty rates on petrol and diesel exported for domestic consumption.
The Special Additional Excise Duty (SAED) on petrol on May 16 was ₹3 per liter. Following the review after two weeks, it has been reduced to ₹1.5 per liter from June 1. Similarly, the SAED on diesel exports has been reduced to ₹13.5 per liter. Similarly, the duty on ATF has been reduced from ₹16 per liter to ₹9.5 per liter.
On March 26, the government imposed an export duty of ₹21.50 per liter on diesel and ₹29.5 per liter on ATF. In the April 11 review, these were increased to ₹55.5 and ₹42 per liter, respectively.
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