Govt. Cuts Windfall Tax on Export of Petrol, Diesel and ATF
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6 Articles
Govt lowers export levies on petrol, diesel and aviation turbine fuel amid fortnightly review
India's government has reduced export levies on petrol, diesel, and aviation fuel. The revised rates for these petroleum products took effect from September sixteenth. Export duty on petrol decreased by one rupee to zero point five rupees per litre. Diesel export levies were lowered by five rupees to twenty rupees per litre. These changes reflect a reversal of higher rates implemented earlier this month.
Govt Cuts Export Levies on Petrol, Diesel, ATF; Diesel Duty Lowered by Rs 5/litre
Get latest articles and stories on Business at LatestLY. Under the latest revision, the export levy on petrol has been reduced to Rs 0.5 per litre from Rs 1.5 per litre, while the total levy on diesel has been cut to Rs 20 per litre from Rs 25 per litre. The export duty on ATF has also been reduced to Rs 15 per litre from Rs 19 per litre. Business News | Govt Cuts Export Levies on Petrol, Diesel, ATF; Diesel Duty Lowered by Rs 5/litre.
The government has reduced export levies on petrol, diesel, and ATF. The total levy on diesel has been reduced from ₹25 to ₹20 per liter, and on ATF from ₹19 to ₹15. The new rates will take effect on September 16 and will remain in effect for the next two weeks.
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