The Centre, on Saturday, hiked export duty, or windfall tax, on diesel to Rs 55.5 per litre and on aviation fuel ATF to Rs 42 a litre. The duty hikes would be applicable with immediate effect, the finance ministry said in a notification.
The government had, on March 26, imposed an export duty of Rs 21.50 a litre on diesel and Rs 29.5 per litre on Aviation Turbine Fuel (ATF). The duties were levied to increase domestic availability of the fuel amid the war in West Asia.
They were also aimed at not allowing exporters to take undue advantage due to price differences as globally crude oil prices had risen since the beginning of the war. Export duty on petrol continues to remain nil.
Also read: West Asia crisis: Govt weighs tax relief as airline costs surge
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