As per the official notification, the obligation on petrol exports has been set at Rs 1.5 per litre, fully within the type of Particular Further Excise Obligation (SAED), with no Street and Infrastructure Cess (RIC) relevant. Diesel exports will appeal to an obligation of Rs 13.5 per litre, wholly as SAED, whereas ATF exports will likely be topic to an SAED of Rs 9.5 per litre.
Additionally learn: Oil costs tumble 11% for greatest weekly drop in 7 weeks. The place is liquid gold headed from right here?
The federal government clarified that there isn’t a change in present excise obligation charges on petrol and diesel offered within the home market.
The tax charges are reviewed each fortnight based mostly on common oil costs within the earlier two weeks.
India first imposed a windfall tax on exports by oil refiners and producers in July 2022, saying levies on petrol, diesel, and domestically produced crude oil. The federal government later prolonged the levy on exports of petrol, diesel, and ATF, as personal refiners sought to promote gas abroad to capitalise on sturdy refining margins relatively than promoting domestically.
The windfall tax on gas exports relies on cracks, or margins, that refiners earn on abroad shipments, primarily the distinction between the worldwide oil worth realised and the associated fee.Additionally learn: Transport affiliation urges authorities to chop gas costs as crude falls to $90/barrel
The levy has seen vital fluctuation over the previous 12 months. As lately as Might 2025, the SAED on the export of diesel, petrol, and ATF had been retained at nil, reflecting softer world crude costs on the time. The June 1 revision indicators a tightening of margins as soon as once more, prompting the federal government to step in.
The windfall tax regime primarily impacts massive personal refiners resembling Reliance Industries, which exports a major share of its refinery output, together with state-owned producers together with ONGC and Oil India.
