Government hikes windfall tax on diesel exports to Rs 25.5 per litre, increases export duty on ATF, petrol also
New Delhi, Aug. 3 -- The government has raised the special additional excise duty (SAED) on exports of petrol, diesel and aviation turbine fuel (ATF) amid continued volatility in global crude oil prices due to the situation in West Asia.
According to an official order, the government increased the export duty on petrol exports by Rs 1 per litre to Rs 3.5 per litre from Rs 2.5 per litre with effect from August 3.
The windfall tax on diesel exports has also been raised to Rs 25.5 per litre from Rs 15.5 per litre.
For aviation turbine fuel (ATF), or jet fuel, the government hiked the windfall tax on exports to Rs 22 per litre from Rs 14.5 per litre.
The move aims to discourage exports and ensure greater availability of petrol, diesel and...
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