India cuts export duties on petrol, diesel and aviation turbine fuel

The Central Government has revised the export levies on petrol, diesel and aviation turbine fuel for the fortnight beginning June 1. The move is aimed at ensuring adequate domestic availability of petroleum products amid continuing uncertainties arising from the West Asia crisis. According to a notification issued by the Ministry of Finance, exports of petrol will attract a duty of 1.5 rupees per litre, while diesel exports will be subject to a duty of 13.5 rupees per litre. The export duty on aviation turbine fuel has been fixed at 9.5 rupees per litre.

The Finance Ministry noted that the export levies, comprising Special Additional Excise Duty and Road and Infrastructure Cess, were introduced on March 27 this year and are reviewed every fortnight based on average international prices of crude oil, petrol, diesel and aviation turbine fuel.
However, the Government has clarified that there is no change in the existing excise duty rates on petrol and diesel meant for domestic consumption. The revised duties will come into effect from Monday, June 1 and remain in force for the next fortnight.