India, Aug. 15 -- The government has cut windfall gains tax on exports of petrol, for the fortnight beginning August 15, while the special additional excise duty (SAED) has been reduced for the same time period.

The rate of SAED on the export of diesel is now Rs.24 per litre, down from Rs.25.5 a litre. SAED on exports of ATF is set at Rs.19.5/litre, as against Rs.22/litre earlier, news agency PTI reported.

The duty on petrol exports has been cut to nil effective August 15, from Rs.3.5 per litre levied on August 3.

The revised duty will be effective from August 15, the finance ministry said in a notification quoted by PTI.

The ministry noted that there is no change in the existing duty rates on petrol and diesel cleared for domestic co...