October 16, 2026 12:23 PM
Govt hikes windfall tax on petrol, cuts levy on diesel exports
The Central Government has increased the windfall tax on petrol exports to ₹2.5 per litre from ₹0.5 per litre, while reducing the levy on diesel exports to ₹8.5 per litre from ₹16 per litre for the fortnight beginning October 16. According to a notification issued by the Ministry of Finance, the revised duties came into effect on Friday. The export duty on aviation turbine fuel (ATF) has been retained at ₹10.5 per litre. The revised rates apply to exports, while existing duty rates o...