Government reduces export duty on petrol to nil; diesel and ATF duty also reduced

Of their newest fortnightly overview, the federal government minimize the export responsibility on petrol to nil, while decreasing the levy on export of diesel and aviation turbine gas (ATF) to ₹24 for each litre and ₹19.5 for each litre respectively.

Additionally learn | Export duty on diesel, ATF reduced; petrol increased

There isn’t any change in excise responsibility charges for petrol and diesel in direction of home consumption.

Because the peak of the conflict in West Asia earlier this 12 months, the federal government has been fortnightly reviewing export levies since March 27 to make sure home availability of the retails gas by disincentivising exports.

Within the earlier fortnightly overview, the federal government had elevated the export levy on petrol to ₹3.5 per litre, diesel to ₹25.5 per litre and that on ATF to ₹22 per litre.