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India Revises Fuel Export Levies, Extends Petrochemical Import Duty Relief Until July 15

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India revised central excise rates on select petroleum products and extended customs duty relief on key petrochemical imports until July 15, the Finance Ministry said Tuesday.

The ministry amended its March 26 Central Excise notification by setting the special additional excise duty at 4 Indian rupees ($0.04) per liter on petrol exports, 8.5 rupees per liter on diesel exports and 7.5 rupees per liter on aviation turbine fuel or jet fuel exports through Notification No. 36/2026 issued on June 30.

The Finance Ministry also extended the export levy exemption to Mauritius and the Maldives, adding them to the existing list of Nepal, Bhutan, Bangladesh and Sri Lanka.

The amendment took effect under the Central Excise Act, 1944 and the Finance Act, 2002, replacing the earlier rates specified in the March notification, the ministry said.

Separately, the government extended its full customs duty exemption on critical petrochemical imports by another 15 days, moving the expiry date from June 30 to July 15.

The government introduced the temporary exemption after the conflict in West Asia disrupted global supply chains and directed domestic petroleum companies to prioritize liquefied petroleum gas production, the ministry said.

The list of products eligible for the exemption remains unchanged. The extension will support a gradual return to normal market conditions and help avoid supply disruptions.

The ministry said the measure will continue to benefit industries that rely on petrochemical feedstocks and intermediates, including plastics, packaging, textiles, pharmaceuticals, chemicals, and automotive components, while also easing costs for consumers of finished products.

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