The record
Written from the 1 report below. Nothing here is unsourced.
- The government has raised windfall tax rates (special additional excise duty) on exports of petrol, diesel and aviation turbine fuel with effect from August 3, while leaving duties on fuels sold domestically unchanged.
- The diesel export duty rose to Rs 25.5 per litre, ATF to Rs 22 per litre and petrol to Rs 3.5 per litre.
- The levy, first imposed in late March amid Middle East tensions, is revised every fortnight and aims to keep adequate fuel available domestically and curb exporter gains from higher global crude prices.
- Separately, commercial LPG cylinder prices were cut for a second straight month, reducing a 19-kg cylinder by Rs 202 in Delhi and Rs 209 in Kolkata.
What to watch next
- The next fortnightly review of windfall tax rates by the finance ministry
- Whether domestic fuel duties change in future revisions
- Outcomes of the CCS review of supply chain disruptions from global conflicts
Coverage1
1 report
English national1
All filed from India
Named India · Aviation turbine fuel · Diesel · Petrol · Amit Shah · Cabinet Committee on Security · Government of India · Hardeep Puri · JP Nadda · Ministry of Finance · Narendra Modi · Nirmala Sitharaman · Piyush Goyal
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.