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The duty on diesel exports has been reduced to Rs 24 per litre from Rs 25.5, while the levy on petrol has been brought down to zero from Rs 3.5 per litre.
The tax on ATF exports has also been lowered to Rs 19.5 per litre from Rs 22.
India has cut windfall taxes on exports of petrol, diesel and aviation turbine fuel (ATF), with the revised rates taking effect from Saturday, according to a government order.
The duty on diesel exports has been reduced to Rs 24 per litre from Rs 25.5, while the levy on petrol has been brought down to zero from Rs 3.5 per litre.
The tax on ATF exports has also been lowered to Rs 19.5 per litre from Rs 22.
Rates Revised Every Fortnight
India reviews the export levies every two weeks, based on international prices of crude oil and petroleum products.
The government first introduced windfall taxes in July 2022 to capture extraordinary gains made by oil producers and refiners amid a sharp rise in global crude prices. The levy was scrapped in 2024, but was reintroduced in March 2026 after oil prices surged following the outbreak of war between the US, Israel and Iran.
The latest cut comes shortly after the government had raised the windfall tax earlier this month.
From August 3, the SAED on diesel exports was increased to Rs 25.5 per litre from Rs 15.5, while the levy on ATF was raised to Rs 22 from Rs 14.5. The petrol export duty was also increased to Rs 3.5 per litre from Rs 2.5.
The government had imposed export duties on diesel and ATF in March amid escalating tensions in West Asia, and began taxing petrol exports from May 16.
The levies were aimed at ensuring adequate domestic supplies and preventing exporters from taking advantage of higher international prices during the regional conflict.
The government has said the export duties do not apply to petrol and diesel sold for domestic consumption.
(With inputs from agencies)
Key Questions Answered
Ask News18The recent tax cuts on petrol, diesel, and jet fuel exports are not expected to affect domestic fuel prices in India. The government has stated that domestic excise duty rates on petrol and diesel for local consumption remain unchanged.
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The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, …Read More
August 15, 2026, 01:47 IST
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