The windfall tax was introduced to ensure that adequate domestic supplies of petroleum products remained available. (AI image) Windfall tax on exports of diesel and aviation turbine fuel (ATF) has been reduced with effect from May 1, 2026. Excise duty on petrol and diesel sold in the domestic market will remain unchanged. The duty on…
Government has increased duty on diesel export ₹from 21.50 ₹55.50 per liter and on Aviation Turbine Fuel (ATF) ₹from 29.50 ₹Rs 42 per litre, mainly targeting private refiners who were making windfall profits through exports even as they limited their sales in the unprofitable domestic market. The government has increased duty on diesel exports from…
The Finance Ministry on Saturday announced a sharp increase in export duty on diesel and aviation turbine fuel (ATF), while keeping the duty on petrol unchanged.According to the ministry, the export duty on diesel has been increased from Rs 21.5 per liter to Rs 55.5 per liter, while the export duty on ATF has been…
