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 government recently raised the export levy on petrol, diesel, and aviation turbine fuel (ATF). For petrol, the levy was increased from ₹2.5 to ₹3.5 per litre, while for diesel, it was raised from ₹15.5 to ₹24 per litre. The levy for ATF was also increased from ₹14.5 to ₹22 per litre. These changes were made in response to the West Asia crisis and to ensure sufficient domestic availability of retail fuel by discouraging exports.
The government has been instituting export levies since March 27, with the rates reviewed every fortnight.
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