India raises export duties on diesel and aviation turbine fuel, keeps petrol levy unchanged
The Facts
- The government raised the export duty on diesel to ₹55.5 per litre.
- The government raised the export duty on aviation turbine fuel (ATF) to ₹42 per litre.
- The revised export duty rates took effect immediately after the Finance Ministry notification issued on Saturday.
- The previous export duty rates were ₹21.5 per litre for diesel and ₹29.5 per litre for ATF.
- Export duty on petrol remains unchanged at nil.
- The export duties on diesel and ATF were first imposed in late March to increase domestic fuel availability.
- Reports say the higher duties are meant to discourage refiners or exporters from taking advantage of higher global prices while protecting domestic supply.
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Context
What exactly changed in the duty structure?
Diesel export duty was increased from ₹21.5 per litre to ₹55.5 per litre, and ATF export duty was raised from ₹29.5 per litre to ₹42 per litre. Petrol export duty was left unchanged at nil NDTV,India TV News,Business Standard.
When do the new duties apply?
The revised duties apply with immediate effect, according to the Finance Ministry notification issued on Saturday Free Press Journal,NDTV,Business Standard.
Why did the government raise these export duties?
Multiple reports say the government acted to ensure adequate domestic availability of diesel and ATF and to prevent exporters from benefiting from price differences during a period of global oil-market volatility linked to tensions in West Asia Devdiscourse,Indian Express,cnbctv18.com.
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Wire services (1)
Independent coverage (50)
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The StatesmanGovt raises export duty on diesel to Rs 55.5/litre, ATF to R...
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NDTVCentre Hikes Export Duty On Diesel To Rs 55.5 Per Litre, Jet...
Economic TimesIndia raises export duty on diesel, ATF
News24Govt shocks fuel exporters: Diesel export duty hiked to Rs 5...
The New Indian ExpressGovt raises export duty on diesel to Rs 55.5 per litre, ATF ...
National HeraldGovernment raises diesel duties and hikes ATF levy with imme...
Zee NewsGovt raises diesel, ATF export duty; Petrol left untouched t...
The Hans IndiaGovt raises diesel duties, hikes ATF levy with immediate eff...
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ETV Bharat NewsGovt Hikes Windfall Tax On Diesel To Rs 55.5/Litre, ATF To R...
Asianet News Network Pvt LtdCentre hikes export duty on diesel to Rs 55.5/litre, ATF to ...
FortuneIndiaGovt hikes windfall tax on diesel to Rs 55.5/litre, ATF to R...
The Indian ExpressGovt announces major hikes in export duties on diesel, jet f...
Business StandardCentre hikes export duty on diesel to ₹55.5/l, ATF to ₹42/l;...
Asian News International (ANI)Government hikes export duty on diesel to Rs 55.5/litre, ATF...
cnbctv18.comIndia hikes windfall tax on diesel to ₹55.5 per litre, ATF t...
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ET NOWGovernment hikes export duty on ATF to Rs 42 per litre from ...
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