Petrol exports to attract ₹3/litre excise duty

New Delhi is shaking up its energy export policy with the introduction of a specialized excise duty on petrol exports. Meanwhile, the government is easing the burden on diesel and aviation fuel exports by cutting associated levies. Starting May 16...

New Delhi: The government on Friday imposed a special additional excise duty (SAED) of ₹3 per litre on petrol exports, while reducing the levy on diesel to ₹16.5 per litre from ₹23 per litre and on aviation turbine fuel (ATF) to ₹16 per litre from ₹33, effective May 16.

In a notification, the Finance Ministry said the road and infrastructure cess on exports of petrol and diesel will be nil.

There is no change in the existing duty rates on petrol and diesel meant for domestic consumption. The SAED on petrol has been imposed for the first time since the onset of the West Asia crisis.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Industry › Energy › Oil & Gas › Petrol exports to attract ₹3/litre excise duty
Text Size:AAA
Success
This article has been saved

*

+