+
Centre Cuts Diesel Export Levy And Lowers Special Excise Duty
ECONOMY & POLICY

Centre Cuts Diesel Export Levy And Lowers Special Excise Duty

The Centre revised the duty structure on exports of petroleum products with effect from September one, cutting the Road and Infrastructure Cess (RIC) on diesel exports to Rs one per litre from Rs three per litre and reducing the Special Additional Excise Duty (SAED), or windfall tax, on diesel exports to Rs 19 per litre from Rs 24 per litre. The revision applies for the next fortnight and follows the government practice of reviewing export levies on petroleum products every 15 days since the previous review.

Export levies in the form of SAED and RIC were introduced on March 27, 2026 with the aim of ensuring domestic availability of petroleum products by discouraging exports amid the West Asia crisis. Under the revised structure effective September one, the SAED for petrol exports has been fixed at Rs one point five per litre with no RIC, while the SAED on aviation turbine fuel (ATF) exports has been fixed at Rs 19 per litre.

The government said the rates have been prescribed on the basis of average international prices of crude oil, petrol, diesel and ATF prevailing during the period since the last review and that the changes relate only to petroleum products meant for export. There is no change in the existing excise duty rates on petrol and diesel cleared for domestic consumption under the present notifications issued by the Department of Revenue.

The revised rates were notified by the Central Government through three separate notifications issued by the Ministry of Finance's Department of Revenue on September one. The rates were last revised with effect from August 15, 2026 and the SAED and RIC mechanism will continue to be reviewed fortnightly as the government monitors international prices to balance domestic availability and export demand.

The Centre revised the duty structure on exports of petroleum products with effect from September one, cutting the Road and Infrastructure Cess (RIC) on diesel exports to Rs one per litre from Rs three per litre and reducing the Special Additional Excise Duty (SAED), or windfall tax, on diesel exports to Rs 19 per litre from Rs 24 per litre. The revision applies for the next fortnight and follows the government practice of reviewing export levies on petroleum products every 15 days since the previous review. Export levies in the form of SAED and RIC were introduced on March 27, 2026 with the aim of ensuring domestic availability of petroleum products by discouraging exports amid the West Asia crisis. Under the revised structure effective September one, the SAED for petrol exports has been fixed at Rs one point five per litre with no RIC, while the SAED on aviation turbine fuel (ATF) exports has been fixed at Rs 19 per litre. The government said the rates have been prescribed on the basis of average international prices of crude oil, petrol, diesel and ATF prevailing during the period since the last review and that the changes relate only to petroleum products meant for export. There is no change in the existing excise duty rates on petrol and diesel cleared for domestic consumption under the present notifications issued by the Department of Revenue. The revised rates were notified by the Central Government through three separate notifications issued by the Ministry of Finance's Department of Revenue on September one. The rates were last revised with effect from August 15, 2026 and the SAED and RIC mechanism will continue to be reviewed fortnightly as the government monitors international prices to balance domestic availability and export demand.

Related Stories

Gold Stories

Next Story
Technology

UniSteps Launches BcStep for Construction Industry

UniSteps Consulting has launched BcStep, a Business Operating Network (BON) designed to bring project information, communication, tasks and workflows onto a single digital platform for the construction industry.The platform is aimed at connecting developers, architects, consultants, project management consultants, contractors, suppliers and internal teams. BcStep integrates enterprise resource planning (ERP), human resource management (HRM), chat, email and task management within one ecosystem.The company said the platform is designed to reduce time spent searching across multiple systems, man..

Next Story
Technology

Onward Technologies Renews Rs. 444.6 mn Digital Services Contract

Onward Technologies has renewed a multi-year Managed Digital Services contract, with an expanded scope valued at Rs. 444.6 mn over the contract tenure. The engagement is with one of the world’s leading manufacturers of construction and mining equipment and will run from August 2026 to August 2029, according to a regulatory filing dated September 21, 2026. The renewed contract represents a 72 per cent increase in value compared with the previous agreement. The expansion reflects the customer’s continued confidence in Onward Technologies’ delivery capabilities, digital engineering expertis..

Next Story
Real Estate

Ashiana Housing to Invest Rs. 10 bn in FY27 Land Acquisition

Ashiana Housing plans to invest around Rs. 10 bn in land acquisition during FY27 as it expands its housing and senior living businesses across major markets. The company has sufficient cash to fund the investment, managing director Vishal Gupta said in comments to PTI. The real estate developer is seeking land for regular group housing and senior living projects in Delhi-NCR, Rajasthan, Maharashtra and Tamil Nadu. Acquisitions will be made through outright purchases as well as joint development arrangements with landowners. The company expects sales bookings in FY27 to remain broadly similar t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code