The Finance Ministry has lowered windfall gains tax on export of petrol, diesel and ATF for the fortnight beginning September 16.
According to a notification, the rate of special additional excise duty (SAED) along with road and infrastructure cess on export of diesel is now ₹20 per litre, down from ₹25 a litre. SAED on export of ATF is set at ₹15/litre, as against ₹19/litre earlier. Duty on petrol exports has been slashed to ₹0.5 per litre from ₹1.5 per litre
Export levies (Special Additional Excise Duty or SAED/Road and Infrastructure Cess or RIC) on the exports of petrol, diesel and aviation turbine fuel (ATF) were introduced with effect from 27th March 2026 so as to ensure domestic availability of petroleum products by disincentivising exports in the backdrop of the West Asia crises.
The rates are being revised on a fortnightly basis. The rates are prescribed based on the average international prices of crude oil, petrol, diesel and ATF prevailing during the period since the last review.
There is no change in the existing excise duty rates on petrol and diesel cleared for domestic consumption, the Finance Ministry said.