India adds ₹3 per litre windfall tax on petrol exports while cutting diesel and ATF duties from May 16

Petrol export duty jumps while diesel and ATF fall sharply

India has introduced a windfall gains tax of ₹3 per litre on petrol exports, effective May 16, while cutting export levies on diesel to ₹16.5 per litre and aviation turbine fuel to ₹16 per litre. The Finance Ministry said road and infrastructure cess on petrol and diesel exports will be nil, with no change to duties for domestic consumption. The move follows West Asia conflict-linked volatility, aiming to boost domestic availability and curb exporters benefiting from global price gaps.