The government has once again adjusted export taxes on petroleum products, increasing the duty on petrol exports while lowering levies on diesel and aviation turbine fuel (ATF).
As per the latest order effective May 16, petrol exports will now attract a Special Additional Excise Duty of ₹3 per litre. This means exporters will have to pay more to ship petrol abroad compared to before.
At the same time, the Centre has reduced the export duty on diesel from ₹23 per litre to ₹16.5 per litre. The levy on ATF, used in aircraft, has also been brought down from ₹33 per litre to ₹16 per litre.
The aim, according to policy makers, is to maintain a balance, ensuring India remains competitive in fuel exports while also safeguarding domestic energy needs and government revenue.
Global oil markets have been unstable in recent weeks due to supply concerns and ongoing geopolitical tensions, prompting frequent policy adjustments by oil-importing countries like India.
The government has clarified that these changes will not affect fuel prices within India. The revisions apply only to export duties and have no impact on what consumers pay at petrol pumps or airports.
Officials say the move is part of the government’s regular review system, where fuel taxes are revised every two weeks depending on global crude oil prices and market conditions.
