Govt imposes windfall tax on petrol exports; cuts levy on diesel, ATF

NEW DELHI: (May 15) The government on Friday imposed a windfall gains tax of Rs 3/litre on the export of petrol, while reducing the levy on diesel to Rs 16.5/litre and aviation turbine fuel to Rs 16/litre effective May 16.

The Finance Ministry, in a notification, said that the road and infrastructure cess will be nil on exports of petrol and diesel.

Also, there is no change in the existing duty rates on petrol and diesel cleared for domestic consumption.