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Windfall tax revised from September 1: Petrol export duty up from 0 to ₹1.5/litre, diesel ₹1; ATF levy cut ₹0.5
The government has raised the windfall tax on petrol and diesel exports while reducing the levy on aviation fuel. The revised rates are effective from September 1, with the special excise duty on diesel exports increasing by ₹1 and a decrease of ₹0.50 for ATF exports.
GlobeSignal-AIhigh certainty
- Why it matters
- Export duties on refined fuels directly raise their prices for overseas buyers, shifting demand between fuel types and affecting India's refining margins and global fuel markets.
- Most affected
- Indian oil refiners — Face higher export taxes on petrol and diesel, lower on aviation fuel from September 1.
Overseas fuel importers — Petrol and diesel from India become more expensive; aviation fuel becomes cheaper. - Likely next
- Whether refiners adjust export volumes between petrol, diesel and ATF following the September 1 implementation.
Also reported by: NDTV
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