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Business News | Government Hikes Windfall Tax on Diesel Exports to Rs 25.5 Per Litre, Increases Export Duty on ATF, Petrol Also
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According to an official order, the government increased the export duty on petrol exports by Rs 1 per litre to Rs 3.5 per litre from Rs 2.5 per litre with effect from August 3.
The windfall tax on diesel exports has also been raised to Rs 25.5 per litre from Rs 15.5 per litre.
During the same revision, the government reduced the export duty on petrol to Rs 2.5 per litre from Rs 4 per litre.
At the same time, the export duty on diesel was reduced to Rs 8.5 per litre from Rs 14 per litre, while the levy on ATF exports was cut to Rs 7.5 per litre from Rs 12.5 per litre.
Earlier, on June 30, the export duty on petrol was set at Rs 4 per litre and on diesel at Rs 8.5 per litre.