The Central government has revised the special additional excise duty (SAED) on fuel exports, with the new rates taking effect from July 1. While the levy on petrol exports has been increased, duties on diesel and aviation turbine fuel (ATF) exports have been reduced.
Under the revised rates, the export duty on petrol has been raised to Rs 4 per litre from Rs 1.5 per litre. Meanwhile, the levy on diesel exports has been cut to Rs 8.5 per litre from Rs 14 per litre, and the duty on ATF exports has been reduced to Rs 7.5 per litre from Rs 12.5 per litre.
The government has also expanded export duty exemptions to include petroleum shipments by public sector oil companies to Mauritius and the Maldives, in addition to the existing exemptions for Nepal, Bhutan, Bangladesh, and Sri Lanka.
There is no change in excise duty on petrol and diesel sold within India. The export duties were introduced to ensure sufficient domestic fuel supplies and reduce the impact of rising global crude oil prices caused by tensions in West Asia.