Excise duty on diesel exports cut to INR 23/ltr, ATF exports to INR 33/ltr
This story was originally published at 09:19 IST on 1 May 2026
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NEW DELHI – The government Thursday cut the windfall gains tax on the export of diesel and aviation turbine fuel for the fortnight started Friday. According to a notification issued by the finance ministry late evening, special additional excise duty on export of diesel was reduced to INR 23 per litre from INR 55.5 per litre and aviation turbine fuel to INR 33 per litre from INR 42 per litre. The rate of duty on export of petrol will remain nil, a finance ministry release said. Moreover, there will be no change in the existing excise duty rates on petrol and diesel for domestic consumption.
The government introduced special additional excise duty on exports of petrol, diesel and aviation turbine fuel with effect from Mar. 27 to ensure domestic availability of petroleum products by disincentivising exports in the wake of a crude oil price surge following the war in West Asia. The war in West Asia, which began on Feb. 28, has increased India's exposure to energy and price shocks, given New Delhi's dependence on the Gulf region for crude oil and liquefied petroleum gas supplies.
Crude oil prices had surged to a four-year high of $126 per barrel on Thursday, from the sub-$73 per barrel before the war. The government has repeatedly said that the hike in export duties was not to "boost revenue for the government" but to ensure exporters do not take "undue advantage due to price differences." End
US$1 = INR 94.91
Reported by Sagar Sen
Edited by Akul NIshant Akhoury
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