Now Reading: Petrol export duty cut to nil, diesel and ATF levies reduced
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Petrol export duty cut to nil, diesel and ATF levies reduced
The Centre has cut the export duty on petrol to zero for August 15 to 31, while lowering the levy on diesel to Rs 24 per litre and on aviation turbine fuel…
The Story in Brief
The Centre has cut the export duty on petrol to zero for August 15 to 31, while lowering the levy on diesel to Rs 24 per litre and on aviation turbine fuel to Rs 19.5 per litre. The previous rates were Rs 3.5, Rs 25.5 and Rs 22 per litre respectively. The Finance Ministry notification applies to fuel cleared for export.
There is no change in excise duty on petrol and diesel sold in India. The government reviews these levies every fortnight, using international prices of crude and refined fuels. It introduced the system in March 2026 to discourage exports and protect domestic availability during the West Asia conflict.
The Indian Opinion
Claims that the revision will immediately cut petrol prices for Indian motorists are misplaced, since domestic excise duties are unchanged. Equally, portraying the move as a permanent retreat from fuel controls ignores the fortnightly review. The practical test is whether domestic supplies remain comfortable without pushing exporters to divert large volumes overseas. The next notification on September 1 will show how durable this reset is.
Sources (4): thehindu.com, timesnownews.com, timesofindia.indiatimes.com, hindustantimes.com
This story was synthesised by AI from the 4 sources linked above.
Updated: this story now draws on 4 sources.
