India cuts export duty on petrol, diesel for fortnight from today
India will reduce its export duty on petrol, diesel, and aviation fuel from June 1st, with revised rates set fortnightly based on international prices.
India will reduce its export duty on petrol, diesel, and aviation fuel from June 1st, with revised rates set fortnightly based on international prices.
India will reduce its export duty on petrol, diesel, and aviation fuel from June 1st, with revised rates set fortnightly based on international prices.
India will cut its export duty on petrol diesel and aviation turbine fuel (ATF) for the fortnight starting June 1, the government said in a statement on Saturday.
The duty on exports of petrol has been set at ₹1.5 ($0.0158) per litre while that on diesel has been set at ₹13.5 per litre, the statement said. Export duties on ATF have been set at ₹9.5 per litre.
The rates are being revised on a fortnightly basis and are based on the average international prices of crude oil, petrol, diesel and ATF 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.
($1 = ₹95.0000)