India revised export levies on petrol and diesel for the next fortnight while keeping the duty on aviation turbine fuel unchanged, as the government continues to adjust the charges in line with international energy prices and domestic supply conditions, according to a Thursday circular.
- The export levy on petrol has increased from 0.5 rupees per liter earliest to 2.5 rupees per liter, for the next fortnight
- Levy for diesel has decreased from 16 rupees per liter to 8.5 rupees, while export duty on aviation turbine fuel remains unchanged at 10.5 rupees per liter
- The levies were introduced on March 27 to discourage exports and safeguard domestic fuel supplies amid the West Asia crisis
- Rates are reviewed every fortnight based on international prices of crude oil and refined fuels
- No change has been made to excise duties on petrol and diesel sold in the domestic market.
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