Centre cuts windfall tax on diesel, ATF exports from Oct. 1
In short
The Centre cut the windfall tax on diesel exports to ₹16 per litre and on ATF exports to ₹10.5. The change starts on October 1, after a previous cut on September 16.
This matters for fuel exporters because tax rates affect their returns. The reporting does not say whether more changes are likely at the next review.
What the reporting says
The Centre cut the windfall tax on diesel exports to ₹16 per litre and ATF exports to ₹10.5, effective October 1, according to the reporting. The change follows a previous reduction on September 16, while the petrol export tax stays at ₹0.5 per litre. The report says export duties are reviewed every fortnight based on international crude and petroleum prices, but it does not state the next review outcome.
Why it matters
The Centre has lowered the windfall tax on diesel exports to ₹16 per litre and on ATF exports to ₹10.5, effective October 1, after an earlier cut on September 16. Petrol export tax remains unchanged at ₹0.5 per litre. The adjustment affects fuel exporters and follows the fortnightly review system tied to global oil prices, but the next move is not known.