New Delhi, Sept. 1 -- The Centre has revised the duty structure on exports of petroleum products with effect from September 1, cutting the Road and Infrastructure Cess (RIC) on diesel exports to Rs 1 per litre from Rs 3 per litre and the Special Additional Excise Duty (SAED), or windfall tax, on diesel exports to Rs 19 per litre from Rs 24 per litre, according to a government notification.

The latest revision applies for the next fortnight and follows the government's practice of reviewing export levies on petroleum products every 15 days based on average international prices of crude oil, petrol, diesel and aviation turbine fuel (ATF) since the previous review.

Export levies in the form of SAED and RIC were introduced from March 27, 20...