India raises petrol export duty fivefold to Rs 2.5/litre, cuts diesel levy to Rs 8.5

What happened: India raised the export duty on petrol fivefold to Rs 2.5 per litre from Rs 0.5 and cut the diesel levy to Rs 8.5 per litre from Rs 16, effective October 16. ATF duty stays at Rs 10.5 per litre. Key numbers: Petrol export duty Rs 2.5 per litre, up from Rs 0.5. Diesel Rs 8.5 per litre, down from Rs 16. Why it matters: The revision moves petrol and diesel levies in opposite directions while leaving ATF unchanged. The duties are reviewed every fortnight based on average international crude and fuel prices, and do not affect excise duty on domestic sales.

India raised the export duty on petrol fivefold to Rs 2.5 per litre from Rs 0.5 and cut the diesel levy to Rs 8.5 per litre from Rs 16, effective October 16. ATF duty stays at Rs 10.5 per litre.

The revision moves petrol and diesel levies in opposite directions while leaving ATF unchanged. The duties are reviewed every fortnight based on average international crude and fuel prices, and do not affect excise duty on domestic sales.