The Indian central government has announced an increase in export duties on diesel and aviation turbine fuel (ATF), marking a significant adjustment in the taxation framework for petroleum products. As per the latest government notification, the export duty on diesel has been raised to ₹14 per liter, while ATF will see an export duty of ₹12.5 per liter. Notably, the existing export duties on petrol and the excise duties on petrol and diesel in the domestic market remain unchanged.
These revised duty rates have been in effect since Tuesday, as outlined in the official notification from the Revenue Department. The government regularly reviews these duties, considering the global energy market dynamics. The current adjustments reflect changes in international crude oil and petroleum product prices, aiming to align domestic policies with global market conditions.
The review of special additional excise duties and other related cesses on petroleum products is conducted bi-weekly. The last modification took effect on June 1. During the duty determination process, authorities assess average international prices of crude oil, diesel, petrol, and ATF to maintain a balance between domestic and export markets.
The Petroleum Ministry has assured that there is an ample supply of petrol, diesel, LPG, and natural gas available in the country. Consumers have been advised not to worry about fuel availability. The government has also appealed to both citizens and industries to use energy resources prudently.
To address the increased pressure on retail petrol stations, the government has temporarily imposed a limit on diesel sales. Starting June 11, individuals can purchase a maximum of 200 liters of diesel per day from retail outlets. This measure, intended to ensure uninterrupted fuel availability for the general public, is expected to last for approximately 90 days. Officials affirm that refineries are operating normally and there is no anticipated shortage in crude oil supply, thereby ensuring a stable fuel distribution system.