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West Asia war: Government hikes export duty on diesel to Rs 55.5 per litre and ATF to Rs 42

The Government has increased export duty on diesel to Rs 55.5 per litre and on aviation turbine fuel (ATF) to Rs 42 per litre with immediate effect. The move aims to ensure domestic fuel availability and prevent exporters from gaining excess profit due to rising global oil prices triggered by the West Asia conflict.

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India increases windfall tax on fuel to boost domestic availability. Representational Image

India increases windfall tax on fuel to boost domestic availability. Representational Image

The government on Saturday hiked export duty, or windfall tax, on diesel to Rs 55.5 per litre and on aviation fuel ATF to Rs 42 a litre.

The duty hikes would be applicable with immediate effect, the finance ministry said in a notification. The government had, on March 26, imposed an export duty of Rs 21.50 a litre on diesel, and Rs 29.5 per litre on Aviation Turbine Fuel (ATF). The duties were levied to increase domestic availability of the fuel amid the war in West Asia.

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