New Delhi: The Government has raised the export duty on petrol to 2.5 rupees per litre from 50 paise, while the export duty on diesel has been reduced from 16 rupees to 8.5 rupees per litre. According to a notification issued by the Finance Ministry, the revised rates have come into effect from today.
The rate of duty on exports of ATF continues to remain at 10.5 rupees per litre. There is no change in the existing excise duty rates on petrol and diesel cleared for domestic consumption.
The rates are prescribed based on the average international prices of crude oil, petrol, diesel and ATF prevailing during the period since the last review. The rates are being revised on a fortnightly basis and the last such revision was undertaken on 1st of this month.
[AIR News]