31 May,2026 12:37 PM IST | New Delhi | mid-day online correspondent
Centre adjusts windfall tax on petrol, diesel and ATF exports. Representational Pic/file
The Central government has announced revised export levies on petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning June 1, 2026, according to an official notification, reported IANS.
As per the revised structure, export duty has been set at:
The government clarified that excise duty on petrol and diesel sold in the domestic market remains unchanged, as per the news agency.
The Ministry of Finance stated that the revised rates are based on the average international prices of crude oil, petrol, diesel and ATF recorded since the last review period.
Export levies on petroleum products were first introduced on March 27, 2026, to ensure sufficient domestic availability and discourage exports amid global uncertainty triggered by the West Asia crisis, reported the news agency.
The most recent revision before this came into effect on May 16, 2026.
On May 16, the government imposed a special additional excise duty (SAED) of Rs 3 per litre on petrol exports and reduced diesel export duty to Rs 16.5 per litre. It also reduced road and infrastructure cess on exports to zero.
Earlier, diesel export duties have undergone multiple revisions over time. On March 26, the duty was set at Rs 21.50 per litre, which was later increased to Rs 55.5 per litre on April 11. It was subsequently reduced to Rs 23 per litre on April 30 and has now been further lowered to Rs 13.5 per litre in the latest revision, reported the news agency.
Similarly, aviation turbine fuel (ATF) export duty has also seen fluctuations. It was initially set at Rs 29.5 per litre, increased to Rs 42 per litre, and then reduced to Rs 33 per litre before being brought down to Rs 9.5 per litre in the latest announcement.
As per IANS reports, the windfall tax framework was introduced to maintain adequate domestic fuel supply and control exports during periods of global oil market volatility caused by geopolitical tensions, particularly the West Asia crisis.
(With IANS Inputs)
