Export levy on petrol, diesel and ATF hiked
Since the peak of the West Asia conflict late March, the government has undertaken fortnightly reviews of export duty.
The Indian government has raised the export levy on petrol, diesel, and aviation turbine fuel (ATF) in their latest fortnightly review. The new export levies are set at ₹3.5 per litre for petrol, ₹24 per litre for diesel, and ₹22 per litre for ATF. These increases come against the backdrop of the West Asia crisis, with the government implementing export levies since March 27 to ensure adequate domestic fuel availability by discouraging exports.
The excise levy on petrol and diesel for domestic consumption remains unchanged. The export levies are reviewed on a fortnightly basis, with the effective rates based on prevailing international crude oil, petrol, diesel, and jet fuel prices.
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