1 hr ago
India Cuts Diesel, ATF Export Levies Again From October 1
India is charging less tax on diesel and aviation fuel sold to other countries.
Starting October 1, the diesel export levy will be Rs 16 per litre.
The levy on aviation turbine fuel, or ATF, will be Rs 10.5 per litre.
The tax on petrol exports will stay at Rs 0.50 per litre.
These changes affect exports only, not fuel sold inside India.
The government checks these taxes every two weeks.
It changes them when global crude oil and fuel prices move.
The taxes were introduced to help keep enough fuel available in India and discourage unusually profitable exports.
The diesel export levy will fall to Rs 16 per litre from Rs 20 per litre.
The ATF export levy will decrease to Rs 10.5 per litre from Rs 15 per litre.
The petrol export duty will remain unchanged at Rs 0.50 per litre.
The revised rates apply to exports and do not change domestic petrol or diesel excise duties.
The government reviews petroleum export levies every fortnight based on international fuel and crude prices.
- Who
- The Government of India, including the Finance Ministry, and fuel exporters are involved.
- What
- India is reducing export levies on diesel and aviation turbine fuel while keeping the petrol export duty unchanged.
- Where
- The changes apply to petroleum product exports from India.
- When
- The new rates apply from October 1 for the following fortnight.
- Why
- The levies were introduced to support domestic fuel availability and limit exporters’ gains from international price differences; rates are adjusted according to global prices.
Key facts
- Diesel export levy
- Reduced to Rs 16 per litre from Rs 20 per litre.
- ATF export levy
- Reduced to Rs 10.5 per litre from Rs 15 per litre.
- Petrol export duty
- Unchanged at Rs 0.50 per litre.
- Effective date
- October 1, for one fortnight.
- Domestic fuel impact
- No change to excise duty rates on petrol and diesel cleared for domestic consumption.
- Review frequency
- Petroleum export levies are reviewed every two weeks.
- Previous review
- On September 16, the diesel levy fell to Rs 20 per litre and the ATF levy to Rs 15 per litre.
Sources
Related news
India Cuts Export Levies on Petrol, Diesel and ATF
Centre Cuts Diesel Export Levies for Next Fortnight
India Raises Petrol, Diesel Export Taxes, Cuts Jet Fuel Levy
Windfall Tax Cut on Diesel and ATF Exports
Government Raises Diesel Export Levy, Restores Petrol Charge
ATF Price Hike Could Affect Aviation, Hospitality Sectors
IndiGo and SpiceJet Shares Slide as ATF, Crude Rise
