Govt to review windfall tax imposed on export of diesel and ATF on fortnightly basis: CBIC chief
GST
Dated:- 27-3-2026
PTI
New Delhi, Mar 27 (PTI) CBIC Chairman Vivek Chaturvedi on Friday said the government will review the special additional excise duty or windfall tax on diesel and ATF every fortnight.
The move to levy special additional excise duty (SAED) is to ensure domestic availability of diesel and ATF, Chaturvedi said, while briefing the media.
The revenue gain from SAED is estimated at Rs 1,500 crore in the first fortnight, he added.
The government on Thursday imposed an export duty of Rs 21.5 per litre on diesel and Rs 29.5 per litre on aviation turbine fuel (ATF) to discourage exports and improve domestic
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
uty on petrol and diesel for domestic consumption has been reduced by ?10 per litre each. This will provide protection to consumers from rise in prices. Hon. PM @narendramodi has always ensured that citizens are protected from vagaries of supply and costs of essential goods,” Finance Minister said in a post on X.
Further, she said, duties have been imposed on exports of Diesel at Rs 21.5 per litre and on ATF at Rs 29.5 per litre.
“This will ensure adequate availability of these products for domestic consumption. The Parliament has been notified about the same,” she said.
Asked about revenue impact of cut in excise duty on petrol and diesel, Chaturvedi said the revenue department is looking at the trend of supplies.
“The situ
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
e hike in diesel rates warranted due to the rise in international oil prices.
International oil prices touched USD 119 per barrel earlier this month on the intensifying Iran war, before pulling back to around USD 100 a barrel.
The first signs of stress came when Nayara Energy, the country's largest private fuel retailer, raised petrol price by Rs 5 per litre and diesel by Rs 3 a litre on Thursday. Petrol at Nayara pumps now costs Rs 100.71 a litre and diesel costs Rs 91.31 per litre.
State-owned fuel retailers, who control about 90 per cent of the market, continue to keep rates frozen. A litre of normal petrol in Delhi continues to cost Rs 94.77 at their outlets, while the same grade diesel comes for Rs 87.67 a litre. PTI JD DP
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =