Centre Scraps Petrol Export Duty, Hikes Diesel Levy Significantly

Times of India · business

The Indian government has removed the Rs 2.5 per litre special additional excise duty on petrol exports. Simultaneously, the levy on high-speed diesel exports has been increased from Rs 8.5 to Rs 11.5 per litre. The duty on aviation turbine fuel (ATF) exports also saw a slight rise, from Rs 10.5 to Rs 11 per litre. These revised rates, notified by the Ministry of Finance, took effect on October 31.