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Govt Slashes Windfall Tax on Diesel, ATF Exports; Petrol Duty Unchanged
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Moneycontrol•30-09-2026, 23:11
Govt Slashes Windfall Tax on Diesel, ATF Exports; Petrol Duty Unchanged
- •The government has reduced the windfall gains tax on exports of diesel and aviation turbine fuel (ATF) for the fortnight starting October 1.
- •The special additional excise duty (SAED) on diesel exports is now Rs 16 per litre, down from Rs 20 a litre, while SAED on ATF exports has been cut to Rs 10.5 per litre from Rs 15 per litre.
- •The duty on petrol exports remains unchanged at Rs 0.5 per litre for the upcoming fortnight.
- •These revised duty rates are effective from October 1, as per a finance ministry notification.
- •The windfall tax was initially imposed to increase domestic fuel availability and prevent exporters from exploiting price differences amid rising global crude oil prices due to the West Asia conflict.
Key Questions Answered
The special additional excise duty on diesel exports has been reduced to Rs 16 per litre from Rs 20, while the tax on ATF exports has been lowered to Rs 10.5 per litre from Rs 15 per litre.
The export duty on petrol has been retained at the previous rate of Rs 0.5 per litre for the upcoming fortnight beginning October 1.
The windfall tax was introduced to increase the domestic availability of fuel amid the West Asia crisis and to prevent exporters from taking undue advantage of global price differences.
