Windfall tax on diesel, ATF hiked: How it affects you?
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The Indian government has hiked the export duty, or windfall tax, on diesel and aviation fuel (ATF).
The new rates are ₹55.5 per liter for diesel and ₹42 per liter for ATF. The hike comes into immediate effect, according to a notification from the finance ministry.
Earlier this year, an export duty of ₹21.50 per liter was imposed on diesel and ₹29.5 per liter on ATF to boost domestic fuel availability amid the West Asia conflict.
The new rates are ₹55.5 per liter for diesel and ₹42 per liter for ATF. The hike comes into immediate effect, according to a notification from the finance ministry.
Earlier this year, an export duty of ₹21.50 per liter was imposed on diesel and ₹29.5 per liter on ATF to boost domestic fuel availability amid the West Asia conflict.
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