Windfall tax slashed on fuel exports

New Delhi: The government on Tuesday reduced the windfall tax on petroleum product exports, slashing levies on petrol, diesel and aviation turbine fuel (ATF) as part of its fortnightly review of export duties.

As per the finance ministry notifications, the export duty on petrol has been reduced to ₹1.15 per litre from ₹3.5 per litre earlier.

The levy on diesel exports has been reduced marginally to ₹25 per litre from ₹25.5 per litre, including the Road and Infrastructure Cess (RIC) component. For ATF exports, the windfall tax has been reduced to ₹19 per litre from ₹22 per litre.


The revised rates come into effect from September 3, 2026. The government reviews the windfall tax on domestically produced crude oil and export of petroleum products every fortnight, depending on global oil prices and refinery margins. There is no change in the existing duty on these products for domestic consumption.