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The government raised the windfall tax on petrol exports to Rs 2.5 per litre and reduced the diesel export duty to Rs 8.5 per litre from October 16. The fortnightly revision comes amid volatile global crude oil prices and geopolitical tensions
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AAP chief Arvind Kejriwal alleged the Centre plans to expand ethanol blending to diesel and aviation turbine fuel after introducing E20 petrol. He urged people to postpone buying new vehicles and reiterated concerns over ethanol-blended fuel and vehicle compatibility
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The Delhi government reduced VAT on aviation turbine fuel from 25% to 7% to support airlines and passengers amid global fuel uncertainty linked to the West Asia conflict. The decision was approved during a Cabinet meeting chaired by Chief Minister Rekha Gupta
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Aviation turbine fuel prices for international airlines rose over 5% in Delhi, marking a second monthly increase driven by global energy trends. Domestic carriers saw no change, as authorities maintained moderated rates while passing higher costs to foreign airlines
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The Union government has sharply increased excise duties on petroleum products, including diesel and aviation turbine fuel, citing volatile global crude prices and disruptions caused by conflict in West Asia. Diesel export duty has been raised to Rs 55.5 per litre, while ATF duty has climbed to Rs 42 per litre.
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Reliance Industries has stopped processing Russian crude at its export-only SEZ refinery in Jamnagar, Gujarat, effective November 20, to comply with European Union sanctions. From December 1, all exports will be derived from non-Russian oil, ensuring full compliance ahead of the January 2026 deadline. The move follows US sanctions on Rosneft and Lukoil, Russia’s largest oil exporters, and EU restrictions on fuels made from Russian crude.
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ATF price cut by Rs 5,883 per kilolitre, or 6.29 per cent, to Rs 87,597.22 per kl in the national capital, according to state-owned fuel retailers
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Levy on diesel became nil in April but the levy was brought back in August. Levy on ATF became nil in March and has now been brought back.
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By Dr Manoranjan Sharma The imposition of the windfall taxes and export duty evoked considerable debates across the development spectrum. The basic justification for the windfall taxes and export duty tax on petrol, diesel and Aviation Turbine Fuel (ATF) hikes imposed on July 1, 2022, stems from the fact that some oil refiners were raking […]
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This is the second reduction in rates this month
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This is for the first time since 1998-99 that consumption of petroleum products have shrunk in the country indicating the extent of economic impact that's the pandemic is having in the country.
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ATF or jet fuel cost, which account for for 45%-55% of an airline's operating expenses, in India is among the highest in the world and the industry has long been demanding that it should be brought under GST
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ATF price was raised by Rs 1,817.62 per kilolitre, or 3.69 per cent, to Rs 50,978.78 per kl in the national capital,
