BackECONOMY
Finance Ministry increases export levy on petrol, reduces that of diesel and ATF
The Finance Ministry issued a late gazette notification raising petrol export duties to ₹3 per litre from nil and lowering diesel to ₹16.5 per litre and ATF to ₹16 per litre. Domestic excise duties remain unchanged. The move follows fortnightly assessments amid the West Asia conflict, with the prior revision on May 1 reducing diesel and ATF export duties.
Why It Matters
The policy shift aims to boost fuel exports and signals a proactive stance by the government amid regional tensions, potentially affecting fuel markets and domestic supply considerations.
Timeline
3 Events
News article reports the changes
May 15, 2026
The article published at 12:11 am IST reports the new export duties, notes there is no change in domestic excise duties, and mentions fortnightly assessments since the West Asia conflict escalated.
Gazette notification implementing changes to petrol, diesel and ATF export duties
May 14, 2026
A late gazette notification issued Friday night announced higher export duty on petrol to ₹3 per litre from nil and lowered export duties on diesel to ₹16.5 per litre and on ATF to ₹16 per litre.
Last export duty revision before latest changes
May 1, 2026
The Finance Ministry undertook the last revision, reducing the excise duty on the export of diesel to ₹23 per litre from ₹55 per litre and ATF to ₹33 per litre from ₹42 per litre.