Revised export duty on fuel kicks in from June 1; Domestic excise rates on petrol, diesel remain unchanged
India has slashed its Special Additional Excise Duty (SAED), colloquially known as the windfall tax, on domestically produced crude oil to INR 4,800 per tonne, down from INR 5,600, effective June 1. This move, aimed at aligning with recent dips in international crude prices, simultaneously confirms that export duties on refined fuels like petrol, diesel, and Aviation Turbine Fuel (ATF) will remain at zero, providing continued relief to Indian refiners. The Ministry of Finance's fortnightly review underscores a dual strategy: adjusting domestic crude levies while maintaining a competitive edge for refined product exports.

















