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Govt announces major hikes in export duties on diesel, jet fuel to ensure ... Amid the surge in global oil and fuel prices due to the West Asia war, the government on Saturday significantly hiked the export duties on diesel and aviation turbine fuel (ATF), or jet fuel, to dissuade refiners from exporting the fuels and ensure adequate availability in the domestic market. The duty on export of diesel was more than doubled to Rs 55.5 per litre from Rs 21.5 per litre, while on jet fuel exports, the levy was hiked to Rs 42 per litre from Rs 29.5 per litre with immediate effect, according to notifications issued by the Finance Ministry. The export duty on petrol continues to be nil. The export levies, or windfall gains taxes—in the form of excise duties—were imposed from March 27 with the objective of ensuring adequate availability of these fuels in the domestic market by disincentivising exports amid a major price difference between domestic and international markets. Public sector oil marketing companies (OMCs) have not hiked diesel and petrol prices in the domestic market, even as prices have surged in the international market. As for ATF, only a fraction of the international price …

Government revises fuel export levies for fortnight beginning June 1 ... The Big Picture Prelims · High Mains · Medium The Ministry of Finance has revised Special Additional Excise Duty (SAED) rates on fuel exports for the next fortnight, effective June 1, 2026, as part of a windfall tax framework. This is a crucial update on government intervention in the energy market to ensure domestic fuel availability, directly linking to the UPSC syllabus on fiscal tools and inflation management. Exam Lens Quick Exam Facts From News Petrol Export SAED ₹1.5 per litre Diesel Export SAED ₹13.5 per litre ATF Export SAED ₹9.5 per litre Windfall Tax Start Date March 27, 2026 Previous Revision Date May 16, 2026 Highest Diesel SAED ₹55.5 per litre (April 11) 1-Minute Revision › Petrol Export SAED : ₹1.5 per litre › Diesel Export SAED : ₹13.5 per litre › Target this Data: Exact SAED rates effective June 1, 2026: Petrol ₹1.5/L, Diesel ₹13.5/L, ATF ₹9.5/L. › Target this Nodal Body: Ministry of Finance (issues the notification on SAED). › Target this Legal Point: The tax is levied as a 'Special Additional Excise Duty (SAED)' under central excise laws. Mastered this topic? Test your knowledge with a full…

Windfall tax for domestic crude oil slashed to Rs 4100 per tonne The center revised the windfall tax on domestically producedcrude oil, cutting the tax rate to Rs 4,100 per tonne from Rs 6,400 per tonne. During its last revision, the government scrapped the Special Additional Excise Duty (SAED) on export ofdieselfrom Rs 0.5 per litre to nil which is to continue. The windfall tax exemptions for the export of petrol and ATF (aviationturbine fuel) will also remain in place. These changes in the tax rates will be implemented from Tuesday, 2 May onwards, according to a notification released by the Central Board of Indirect Taxes and Customs. The windfall tax rates are revised every fortnight based on global crude oil prices. On July 1 2022, windfall profit taxes were first imposed on Indian companies as the country joined a growing number of nations that tax supernormal profits of energy firms. However, international oil prices have cooled since then, eroding the profit margins of both oil producers and refiners. The government levies tax on windfall profits made by oil producers on any price they get above a threshold of USD 75 per barrel. The levy on fuel exports is based on cracks …

India hikes export duty on diesel, Aviation Turbine Fuel; petrol levy ... Amid concerns over global energy supplies, the Centre has increased export duties on Aviation Turbine Fuel (ATF) and diesel for the upcoming fortnight beginning Tuesday (June 16). However, the export duty on petrol has been left unchanged. The move is aimed at ensuring adequate domestic fuel availability and reducing incentives for exports at a time when geopolitical developments continue to impact international energy markets. According to a government notification issued on Monday, the export duty on aviation turbine fuel has been raised significantly from Rs 9.5 per litre to Rs 12.5 per litre. Diesel exports will also attract a higher levy, with the duty increased from Rs 13.5 per litre to Rs 14 per litre. In contrast, the export duty on petrol remains unchanged at Rs 1.5 per litre. The revised rates will come into effect from June 16 and remain applicable for the next fortnight unless modified during the next review. The export duties are imposed through the Special Additional Excise Duty (SAED) framework. These levies were first introduced on March 27, 2026, as part of the government's strategy to dis…

India tightens fuel export curbs with higher ATF and diesel duties India tightens fuel export curbs with higher ATF and diesel duties India has raised the export duty on ATF to ₹12.5 per litre and on diesel to ₹14 per litre from June 16, while keeping the petrol export levy unchanged at ₹1.5 per litre. By Sapna Das June 15, 2026, 11:19:26 PM IST (Published) 2 Min Read The Indian government has increased the export duty on aviation turbine fuel (ATF) and diesel for the next fortnight beginning June 16, while keeping the levy on petrol exports unchanged, as it continues efforts to safeguard domestic fuel supplies amid the ongoing situation in West Asia. According to a notification issued on June 15, the export duty on ATF has been raised sharply to ₹12.5 per litre from ₹9.5 per litre. The export duty on diesel has also been increased marginally to ₹14 per litre from ₹13.5 per litre. The export duty on petrol remains unchanged at ₹1.5 per litre. The export levies, imposed through the Special Additional Excise Duty (SAED) and Road and Infrastructure Cess (RIC), were first introduced on March 27, 2026, to discourage exports and ensure adequate domestic availability of petroleum product…

Govt hikes export duty on diesel to Rs 14/litre, ATF to Rs 12.5/litre ... New Delhi [India], June 16 (ANI): The Central government on Monday hiked the export duties levied on diesel by Rs 14 per litre and Aviation Turbine Fuel (ATF) by Rs 12.5 per litre, with no change in the rates of duty on petrol. According to the official Gazette notification issued by the Department of Revenue, the rate of duty will be Rs 14 per litre on exports of diesel and Rs 12.5 per litre on exports of ATF. There is no change in the rate of duty on exports of petrol or in the existing excise duty rates on petrol and diesel cleared for domestic consumption. The revised rates will come into effect on Tuesday. Export levies, Special Additional Excise Duty (SAED) and Road and Infrastructure Cess (RIC), on the exports of petrol, diesel and aviation turbine fuel (ATF) were introduced with effect from March 27 to ensure domestic availability of petroleum products by disincentivising exports in the backdrop of the West Asia crisis. The rates are being revised on a fortnightly basis, and the last such revision was undertaken with effect from June 1. The rates are prescribed based on the average international …

India cuts export duties on petrol, diesel and aviation turbine fuel ANI Representative image India will cut its export duty on petrol diesel and aviation turbine fuel (ATF) for the fortnight starting June 1, ‌its ⁠government said ⁠in a statement on Saturday. The duty on exports of petrol has been set at 1.5 rupees ($0.0158) per litre while that on diesel ⁠has been ‌set at 13.5 rupees per litre, the statement ⁠said. Export duties on ATF have been set at 9.5 rupees per litre. The rates are being revised on a fortnightly basis and are based on the average international ‌prices of crude oil, petrol, diesel and ATF during the period since ⁠the last review. There is no change in the existing excise duty rates on petrol and diesel cleared for domestic consumption. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel ) Read More News on India export duties petrol export duty diesel export duty aviation turbine fuel export duty fuel export tax India crude oil prices current fuel prices in India excise duty petrol excise duty diesel India government statement (Catch all the Business News , Breaking News and Latest News Updates on …

Govt hikes export duty on diesel to Rs 14/litre, ATF to Rs 12.5/litre Under the revised rates, the special additional excise duty (SAED) on diesel exports has been raised to Rs 14 per litre from Rs 13.5 per litre. The duty on ATF exports has been increased to Rs 12.5 per litre from Rs 9.5 per litre. The export duty on petrol remains unchanged at Rs 1.5 per litre. According to a notification issued by the finance ministry, the revised rates will come into effect from June 16.