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India Raises Export Duty on Petrol; Cuts Duties on Diesel, Aviation Fuel

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India raised its export duty on petrol and reduced the duties on diesel and aviation ​fuel, according to an official government notification on Friday.

The Government of India implemented a Special Additional Excise Duty of 3 Indian rupees per liter on the export of petrol, following the recent increase in retail fuel prices.

The duty on diesel has been cut to 16.5 rupees per ⁠liter, while export duties on aviation fuel have been cut to 16 rupees per liter.

Despite these changes for exported fuels, the excise duty rates for petrol and diesel meant for domestic consumption remain unchanged.

Recently, Indian oil marketing companies raised petrol and diesel prices for the first time in four years by about 3 Indian rupees per liter, amid the ongoing geopolitical crisis in the Middle East and volatility in the global crude oil markets.

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