New Delhi, July 1: The Government has revised the windfall tax structure on petroleum products, increasing the levy on petrol exports while reducing duties on diesel and aviation turbine fuel (ATF).
The updated rates are aimed at balancing domestic fuel supply priorities while responding to evolving global energy market conditions.
Officials said the revision reflects the need to ensure adequate availability of key fuels within the domestic market while maintaining a stable export framework for the energy sector.
The change in tax structure is expected to impact export margins for refiners, particularly in petrol shipments, while offering some relief to diesel and aviation fuel operations.
Industry stakeholders are closely monitoring the revision as it may influence refining economics and export strategies in the near term.
The government is expected to continue reviewing the windfall tax mechanism periodically in line with global crude price movements and domestic fuel demand conditions.