New Delhi, May 16 (APAC Media): The government has imposed a Special Additional Excise Duty (SAED) of Rs 3 per litre on exports of petrol, according to official notifications issued by the Ministry of Finance.
The notifications also stated that the SAED on diesel exports has been reduced to Rs 16.50 per litre from the earlier Rs 23.00 per litre.
In addition, the levy on aviation turbine fuel (ATF) exports has been cut to Rs 16 per litre from Rs 33 per litre.
Govt levies Special Additional Excise Duty of Rs 3 per litre (SAED- Rs 3; RIC- Nil) on exports of petrol, Rs 16.5 per litre (SAED – Rs 16.5; RIC – Nil) on exports of diesel and Rs 16 per litre (SAED only) on exports of ATF.
There is no change in the existing excise duty rates on… pic.twitter.com/5vIZ2bCItW
— ANI (@ANI) May 15, 2026
Source: ANI
The revised rates will come into effect from Saturday, the notifications said.
“The Union Government’s public sector oil companies have increased petrol and diesel prices by Rs 3 per litre each. This is unacceptable. When international crude oil prices fall, oil companies do not proportionately reduce fuel prices for the public but instead retain the profits. Increasing petroleum prices immediately after the Assembly elections in five states is unjustified,” Tamil Nadu Chief Minister Joseph Vijay said.
The government periodically revises windfall taxes and export duties on petroleum products in line with global crude oil prices and refining margins.
India Hikes Petrol, Diesel Prices by Rs 3/L Amid Global Crude Oil Prices Surge
There has been no change in the existing duty structure on petrol and diesel meant for domestic consumption. The SAED on petrol exports has been imposed for the first time since the beginning of the West Asia crisis.
Disclaimer: Views expressed are those of experts and do not reflect APAC Media. This is for informational purposes only, not financial advice. We are not responsible for investment decisions. Please consult a qualified financial advisor before investing.
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India Hikes Petrol, Diesel Prices by Rs 3/L Amid Global Crude Oil Prices Surge
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