India Cuts Export Duties On Petrol, Diesel And ATF
India has reduced export duties on petrol, diesel and aviation turbine fuel (ATF), with the revised rates coming into effect from August 15, according to a government order. The move reverses part of the sharp increase in levies announced earlier this month. The export duty on petrol has been reduced to nil from Rs 3.5 per litre. The total levy on diesel exports has been lowered to Rs 24 per…
The Indian government has reduced export duties on petrol, diesel, and aviation turbine fuel (ATF), effective August 15, according to a government order. The export duty on petrol has been removed, dropping from Rs 3.5 per litre to zero. Diesel export duties have also been lowered from Rs 25.5 to Rs 24 per litre, while the ATF export levy has been cut from Rs 22 to Rs 19.5 per litre.
These changes come less than two weeks after the government increased duties on all three fuels on August 3, in response to rising global oil prices driven by US-Iran tensions. The latest reduction aims to balance export levels with domestic supply, as the current export-duty framework was introduced in March amid a rise in international crude and refined fuel prices.
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