The government has imposed a Rs 3 per litre windfall tax on petrol exports while reducing levies on diesel and aviation fuel. These revised rates, effective May 16, aim to ensure domestic fuel availability and prevent excessive profits from elevated global crude oil prices amid the West Asia ...
The Central Government has once again changed the rates of Special Additional Excise Duty (SAED) levied on the export of petrol, diesel and aircraft fuel i.e. ATF. Notification regarding this has been issued on 15th May 2026. These new rates will come into effect from today, 16 May 2026.
What are the new rates?
Now SAED will be charged at 3 rupees per liter on the export of petrol. This rate has been fixed at 16.5 rupees per liter on diesel and…