NEW DELHI, Apr 11: The government on Saturday increased the export duty, also known as windfall tax, on diesel to Rs 55.5 per litre and on aviation turbine fuel (ATF) to Rs 42 per litre.
The revised duties will come into effect immediately, the Finance Ministry said in a notification.
Earlier on March 26, the government had imposed an export duty of Rs 21.50 per litre on diesel and Rs 29.5 per litre on ATF. The levies were introduced to ensure adequate domestic availability of fuel amid global supply concerns arising from geopolitical tensions in West Asia.
Officials said the move was also aimed at preventing exporters from gaining undue advantage from price differentials, as global crude oil prices had surged following the conflict.
On February 28, military strikes by the United States and Israel against Iran triggered retaliation from Tehran, escalating tensions in the region. On April 8, Iran, the United States, and Israel reportedly agreed to a two-week ceasefire, easing disruptions in global energy markets.
Export duty on petrol continues to remain nil. (Agency)
