Stories
Government Revises Windfall Tax on Petrol and Diesel Exports
C
CNBC Awaaz•16-10-2026, 07:38
Government Revises Windfall Tax on Petrol and Diesel Exports
- •The central government has cut the Special Additional Excise Duty on diesel export from 16 rupees per litre to 8.5 rupees per litre.
- •The windfall tax on petrol export has been increased from 0.5 rupees per litre to 2.5 rupees per litre, with new rates effective from October 16.
- •No changes have been made to the windfall tax levied on Aviation Turbine Fuel and domestic retail fuel prices remain unaffected.
- •Windfall tax rates are reviewed fortnightly based on the average crude oil prices of the past 15 days in international markets.
Key Questions Answered
The central government reduced the Special Additional Excise Duty (SAED) on diesel exports from ₹16 per litre to ₹8.5 per litre, while increasing the tax on petrol exports from ₹0.5 per litre to ₹2.5 per litre effective October 16, 2026.
No changes have been made to existing tax rates for fuel sold domestically, so this decision will not alter retail petrol and diesel prices at local fuel stations.
Windfall gain tax rates are reviewed fortnightly, taking into consideration the average crude oil prices of the past 15 days.
