Export levy on petrol, diesel and ATF hiked
In their latest fortnightly review, the government increased the export levy on petrol to ₹3.5 per litre, diesel to ₹24 per litre and that on
In their latest fortnightly review, the government increased the export levy on petrol to ₹3.5 per litre, diesel to ₹24 per litre and that on aviation turbine fuel (ATF) to ₹22 per litre. The excise levy on petrol and diesel for domestic consumption remains unchanged.
In the previous fortnightly review July 16, export levy on petrol was reduced to ₹2.5 per litre whilst that on ATF, diesel was increased to ₹15.5 per litre and ₹14.5 per litre respectively. Against the backdrop of the West Asia crisis, the government has instituted export levies since March 27 onwards to ensure adequate domestic availability of the retails fuel by disincentivising exports.
The rates are reviewed on a fortnightly basis. The effective rates are prescribed based on the then prevailing average international prices of crude oil, petrol,
diesel and jet fuel since the prior review.
The BriefWire