The central government of India has revised its tax structure related to petroleum products, increasing the export duty on diesel and aviation turbine fuel (ATF). According to the notification issued by the government, the export duty on diesel will now be ₹14 per liter, and on ATF, it will be ₹12.5 per liter. However, there has been no change in the export duty on petrol or the existing excise duty on petrol and diesel in the domestic market.
The revised rates became effective on Tuesday, as per the official notification released by the Department of Revenue. The government periodically reviews these duties based on the conditions in the international energy market. The recent amendments have been made taking into account the fluctuations in the prices of crude oil and petroleum products globally.
The special additional excise duty and related cesses on petroleum products are reviewed every 15 days. The last change in duty rates was implemented from June 1. Officials mention that during the duty determination process, the average prices of crude oil, diesel, petrol, and ATF at the international level are assessed to maintain a balance between the domestic and export markets.
The Ministry of Petroleum has assured that there is an adequate stock of petrol, diesel, LPG, and natural gas in the country. The ministry has stated that consumers need not worry about the availability of fuel. The government has also appealed to both citizens and industries to use energy resources prudently.
To ensure uninterrupted availability of fuel for the general public, the government has imposed a temporary limit on the retail sale of diesel. An order issued on June 11 states that an individual can purchase a maximum of 200 liters of diesel per day from a retail pump. This measure is temporarily in place for about 90 days, aiming to balance the fuel distribution system and prevent potential inconvenience to the public. The ministry assures that the country’s refineries are operating normally and there is sufficient availability of crude oil, eliminating any concerns about fuel supply shortages.