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India Slashes Windfall Tax on Diesel, ATF Exports; Petrol Levy Unchanged
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CNBC TV18•30-09-2026, 23:19
India Slashes Windfall Tax on Diesel, ATF Exports; Petrol Levy Unchanged
- •The Centre has reduced the windfall tax on diesel and aviation turbine fuel (ATF) exports, effective October 1, as per a Finance Ministry notification.
- •Special additional excise duty on diesel exports has been lowered to ₹16 per litre from ₹20 per litre.
- •The levy on ATF exports has been cut to ₹10.5 per litre from ₹15 per litre, while the export duty on petrol remains unchanged at ₹0.5 per litre.
- •These changes apply only to exports and will be in force for the next fortnight, with rates adjusted every two weeks based on international crude oil and product prices.
- •There is no revision in existing excise duty rates for petrol and diesel meant for domestic consumption.
Key Questions Answered
Effective October 1, the special additional excise duty on diesel exports has been lowered to ₹16 per litre from ₹20 per litre, while the levy on aviation turbine fuel (ATF) exports has been cut to ₹10.5 per litre from ₹15 per litre.
The government conducts routine fortnightly reviews of petroleum product levies, adjusting the rates every two weeks based on international crude oil and product price movements.
The export duty on petrol remains unchanged at ₹0.5 per litre. Furthermore, there is no revision in the existing excise duty rates on petrol and diesel intended for domestic consumption.
