New Delhi: The government on Friday imposed a special additional excise duty (SAED) of ₹3 per litre on petrol exports, while reducing the levy on diesel to ₹16.5 per litre from ₹23 per litre and on aviation turbine fuel (ATF) to ₹16 per litre from ₹33, effective May 16.
In a notification, the Finance Ministry said the road and infrastructure cess on exports of petrol and diesel will be nil.
There is no change in the existing duty rates on petrol and diesel meant for domestic consumption. The SAED on petrol has been imposed for the first time since the onset of the West Asia crisis.
In a notification, the Finance Ministry said the road and infrastructure cess on exports of petrol and diesel will be nil.
There is no change in the existing duty rates on petrol and diesel meant for domestic consumption. The SAED on petrol has been imposed for the first time since the onset of the West Asia crisis.
