New Delhi, June 16: The Central Government has increased the windfall tax on exports of diesel and Aviation Turbine Fuel (ATF), citing ongoing volatility in global energy markets and concerns over fuel supply disruptions. Under the revised rates effective from June 16, the export duty on diesel has been raised to ₹14 per litre, while the levy on aviation fuel has been increased to ₹12.5 per litre. The export duty on petrol, however, remains unchanged.
The move comes at a time when international crude oil prices are witnessing fluctuations due to geopolitical tensions and uncertainty in key oil-producing regions. By revising export duties, the government aims to ensure adequate domestic fuel availability while also regulating the profits earned by refiners from overseas sales.
Industry experts believe the higher duties could impact export margins for oil refiners but are unlikely to affect retail fuel prices immediately. Petrol and diesel rates for consumers across India have remained stable, with oil marketing companies continuing to monitor global developments before making any adjustments.
The government reviews windfall taxes on petroleum products every fortnight, taking into account international crude prices, refining margins, and domestic supply requirements. The latest revision highlights New Delhi’s efforts to strike a balance between protecting consumers and managing the country’s energy security amid an uncertain global economic environment.
