Diesel Export Duty Cut by Rs. 6.50
per litre to Push Export and Compensate for Loss in Recovery, Petrol Export Duty
Up by Rs. 3 per litre to Compensate for Diesel Duty Cut
·
ATF Export also Cut by Rs. 17 per litre to Help Oil
Cos
·
Domestic Price of Diesel and Petrol Up by Rs. 3 per
litre under Administered Price, State Sales Tax also
Up
India
Revises Fuel Export Duties: Petrol Duty Raised, Diesel and ATF Duties Cut
·
India has increased the export duty on petrol to ₹3 per litre.
·
The decision was announced by the government late Friday.
·
The revision comes a day after India raised retail fuel prices for the
first time since the Iran war began.
·
Export duty rates are reviewed every fortnight based on average global
prices of crude oil, petrol, diesel and ATF.
·
No changes have been made to excise duties on petrol and diesel meant
for domestic consumption.
[ABS News Service/16.05.2026]
India raised its export duty on petrol and cut
those on diesel and aviation fuel, its government said in a
statement late on Friday, within a day of raising
retail fuel prices for the first time since the Iran war started.
The duty on exports of petrol has been raised to
3 rupees ($0.0313) per litre while that on diesel has been cut to
16.5 rupees per litre, the statement said. Export duties on
aviation fuel have been cut to 16 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.
($1 = 95.9650 Indian rupees)
[Notification
No. 22/2026-Central Excise dated 15 May, 2026]
Seeks to amend Notification No.
06/2026-Central Excise dated 26.03.2026 to revise the SAED rates on exports of
Petrol and Diesel outside India
G.S.R...(E).-
In exercise of the powers conferred by Section 5A of the Central Excise Act,
1944 (1 of 1944) read with Section 147 of Finance Act, 2002 (20 of 2002), the
Central Government, being satisfied that it is necessary in the public interest
so to do, hereby makes the following further amendments in the notification of
the Government of India in the Ministry of Finance (Department of Revenue), No.
06/2026-Central Excise, dated the 26th
March, 2026, published in the Gazette of India, Extraordinary, Part II,
Section 3, Sub-section (i), vide number G.S.R.
205(E), dated the 26th March, 2026, namely:-
In
the said notification, in the Table,-
(i) against serial
number 1, in column (4), for the entry, the entry “Rs. 3 per litre” shall be substituted.
(ii) against
serial number 2, in column (4), for
the entry, the entry “Rs. 16.5 per litre”
shall be substituted.
2.
This notification shall come into force with effect from 16th May, 2026.
[F.
No. 190349/13/2026-TRU]