India cuts windfall tax on petrol, diesel, and ATF exports

windfall tax petroleum exports diesel aviation turbine fuel Special Additional Excise Duty

The Indian government has reduced the windfall tax on the export of petrol, diesel, and aviation turbine fuel (ATF) for the fortnight beginning September 16. According to a notification from the Finance Ministry, the Special Additional Excise Duty (SAED) on diesel exports has been lowered to ₹20 per litre from ₹25 per litre. The levy on ATF exports has been reduced from ₹19 to ₹15 per litre, while the duty on petrol exports has seen a significant cut from ₹1.50 to ₹0.50 per litre.

These adjustments are part of the government’s fortnightly review process, which evaluates global crude oil prices and refinery margins. The windfall tax was originally implemented to ensure domestic fuel availability and to prevent exporters from disproportionately profiting from price gaps during periods of high international energy costs, particularly amid tensions in West Asia.

The government clarified that these tax reductions apply strictly to exported petroleum products. There are no changes to the existing excise duty rates for petrol and diesel intended for domestic consumption, meaning domestic fuel prices remain unaffected by this specific measure.

Entities

Finance Ministry · Government of India · India

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] The export duty on petrol was reduced from ₹1.50 per litre to ₹0.50 per litre. thesentimes.com · english.mathrubhumi.com · www.latestly.com
[● 3 SOURCES] The Finance Ministry issued a notification regarding the new duty rates. thesentimes.com · english.mathrubhumi.com · www.latestly.com
[● 2 SOURCES] Duty rates for petrol and diesel sold for domestic consumption remain unchanged. thesentimes.com · english.mathrubhumi.com
[● 3 SOURCES] The revised windfall tax rates became effective on September 16. thesentimes.com · english.mathrubhumi.com · www.latestly.com
[● 3 SOURCES] The export duty on diesel was reduced from ₹25 per litre to ₹20 per litre. thesentimes.com · english.mathrubhumi.com · www.latestly.com
[● 3 SOURCES] The export duty on aviation turbine fuel (ATF) was reduced from ₹19 per litre to ₹15 per litre. thesentimes.com · english.mathrubhumi.com · www.latestly.com