US EditionGovernment Increases Export Duties Amidst Middle East Ceasefire
- The Central Government increased export duty on diesel from Rs 21.5 to Rs 55.5 per litre effective immediately as stated by the Finance Ministry.
- The export duty on Aviation Turbine Fuel was raised from Rs 29.5 to Rs 42 per litre by the Finance Ministry.
- No export duty was imposed on petrol, which continues to remain nil according to the Finance Ministry's statement.
- The duty hikes aim to boost domestic fuel availability and prevent exporters from exploiting price differences amid rising global crude oil prices due to the West Asia war.
21 Articles
21 Articles
Govt hikes export duty on diesel to Rs 55.5 per litre from Rs 21.5 per litre, ATF to Rs 42 per litre
The government had, on March 26, imposed an export duty of Rs 21.50 a litre on diesel, and Rs 29.5 per litre on Aviation Turbine Fuel (ATF). The duties were levied to increase domestic availability of the fuel amid the war in West Asia.
The government on Saturday more than doubled the export charge on diesel from Rs 21.5 per litre to Rs 55.5 per litre.
Government Increases Export Duties Amidst Middle East Ceasefire
Government Increases Export Duties Amidst Middle East Ceasefire The government made a decisive move on Saturday by increasing export duties on diesel and aviation fuel, aiming to stabilize domestic fuel supply.Effective immediately, the diesel duty was raised to Rs 55.5 per litre and the aviation turbine fuel (ATF) to Rs 42 a litre, as per the finance ministry's notification.This adjustment responds to the global energy market disruptions caused…
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