India Revises Fuel Export Duties After Retail Price Increase
India has raised export duty on petrol while cutting duties on diesel and aviation fuel following recent fuel price increases.
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India has revised export duties on petrol, diesel and aviation turbine fuel (ATF), according to a government statement issued late Friday, a day after retail fuel prices were increased for the first time since the start of the Iran conflict.
According to a report by Reuters, the government said export duty on petrol has been increased to ₹3 per litre. At the same time, export duties on diesel and aviation fuel have been reduced.
According to the statement, the export duty on diesel has been cut to ₹16.5 per litre, while export duty on aviation turbine fuel has been reduced to ₹16 per litre.
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Fuel Duty Rates Revised Fortnightly:
The government said the rates are revised every fortnight and are linked to average international prices of crude oil, petrol, diesel and ATF during the review period.
The revision comes amid volatility in global energy markets following geopolitical tensions linked to the Iran conflict, which has affected crude oil prices internationally.
Despite the export duty changes, the government said there would be no change in existing excise duty rates on petrol and diesel sold for domestic consumption.
The move follows the recent increase in retail fuel prices, marking the first such revision since the beginning of the conflict.
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Global Oil Volatility Impacts Markets:
Export duties on refined petroleum products are often used by the government to manage domestic fuel availability and balance the impact of changing global oil prices on local markets.
For energy markets, the latest revision reflects how governments continue adjusting fuel taxation and export policies in response to international crude price movements and supply concerns.
For consumers and businesses, the changes signal ongoing pressure on fuel pricing and energy costs as global geopolitical developments continue influencing oil markets.
