India's Finance Ministry has reduced windfall gains tax on petrol, diesel and aviation turbine fuel (ATF) exports, with the revised levies taking effect from 16 September 2026.
India’s Finance Ministry has reduced the windfall gains tax on exports of petrol, diesel and aviation turbine fuel (ATF), with the revised levies taking effect from 16 September 2026.
The export duty on diesel has been cut to INR 20 per litre from INR 25 per litre, while the levy on ATF exports has been reduced to INR 15 per litre from INR 19 per litre. The duty on petrol exports has also been lowered to INR 0.5 per litre from INR 1.5 per litre.
The changes were set out in an official notification issued by the Finance Ministry as part of its fortnightly review of export levies. The revised rates apply for the fortnight beginning 16 September 2026.
The levies, comprising Special Additional Excise Duty (SAED) and Road and Infrastructure Cess (RIC), were introduced from 27 March 2026. The government had imposed them to support domestic availability of petroleum products by discouraging exports amid the West Asia crises.
Earlier, India’s Finance Ministry recalibrated its windfall gains tax on fuel exports through a revised notification on 1 July 2026, signalling a shift in its fiscal approach to petroleum product shipments.
