India, Aug. 15 -- The Central government has cut export duties on petrol, diesel and aviation turbine fuel (ATF) with effect from August 15, according to an order issued by the Finance Ministry. The move reverses part of the sharp increase in petroleum export levies announced earlier this month.

The petrol export duty has been reduced to zero from Rs 3.5 per litre. The total levy on diesel has been lowered to Rs 24 per litre from Rs 25.5, while the export duty on ATF has been cut to Rs 19.5 per litre from Rs 22. The revised rates apply to petroleum products cleared for export.

The latest decision comes less than two weeks after the government increased export duties on all three fuels on August 3. At that time, petrol duty was raised fr...