India Adjusts Fuel Export Duties Amid Rising Retail Prices
Govt to raise export duty on petrol, cuts levy on diesel and aviation fuel from May 16 onwards
Hindustan Times
Image: Hindustan Times
The Indian government has raised the export duty on petrol to ₹3 per litre while simultaneously reducing the export duties on diesel and aviation fuel. These changes come shortly after a hike in retail fuel prices, marking the first adjustment since the escalation of conflict in the Middle East.
- 01The export duty on petrol is now ₹3 per litre, marking the first increase since the conflict began in February.
- 02The export duty on diesel has been reduced from ₹23 per litre to ₹16.5 per litre.
- 03The export duty on aviation turbine fuel has decreased from ₹33 per litre to ₹16 per litre.
- 04These adjustments were announced by the Ministry of Finance.
- 05The changes follow a recent increase in retail fuel prices in India.
Advertisement
In-Article Ad
On Friday, India announced changes to its fuel export duties as part of a broader response to fluctuating global fuel prices. The export duty on petrol has been increased to ₹3 per litre, the first rise since the outbreak of conflict in the Middle East in February. In contrast, the export duties on diesel and aviation turbine fuel have been significantly reduced. Diesel's export duty decreased from ₹23 per litre to ₹16.5 per litre, while aviation turbine fuel's duty dropped from ₹33 per litre to ₹16 per litre. These adjustments come shortly after the Indian government raised retail fuel prices, indicating a responsive approach to market conditions.
Advertisement
In-Article Ad
These changes may influence fuel prices for consumers in India as export duties impact overall fuel costs.
Advertisement
In-Article Ad
Reader Poll
Do you think the government should adjust fuel export duties more frequently?
Connecting to poll...
More about Ministry of Finance
Gold Jewellery Prices Set to Rise Following Import Duty Hike
The Economic Times • May 13, 2026
India's PMO Plans to Boost Foreign Investments Amid West Asia Conflict
The Economic Times • May 13, 2026
West Asia Crisis Poses Balance of Payments Challenge for India, Says Chief Economic Adviser
Business Standard • May 12, 2026
Read the original article
Visit the source for the complete story.