Government Revises Fuel Export Levies for Fortnight From June 1

03 Jun 2026 CW Team

The Central government revised export levies on petrol, diesel and aviation turbine fuel for the fortnight beginning June 1, while leaving excise duty rates on fuel sold in the domestic market unchanged. An official notification set the duty on petrol exports at Rs one point five per litre, on diesel exports at Rs 13.5 per litre and on aviation turbine fuel exports at Rs nine point five per litre. The changes were notified ahead of the fortnightly review that governs export charges.

The notification indicates the adjustments will take effect from the start of the fortnight and will apply to shipments bound for overseas markets. Domestic excise duties on petrol and diesel remain at existing levels, so retail pump prices in the internal market are to be unaffected by the export levy revision. The move follows the established practice of periodic revision to align export charges with domestic supply considerations and international price movements.

Export levies are used as a tool to moderate overseas shipments during periods of domestic tightness and to temper volatility in local availability, the notification explained. Analysts noted that modest export duties can discourage marginal shipments without changing domestic tax receipts materially. The government retains scope to adjust levies fortnightly in response to evolving supply conditions and global crude and product price trends.

The revised export duty schedule is expected to be monitored by state fuel retailers and industry participants for operational implications on loading and logistics. Traders and refiners will factor the duties into export bids while domestic market operations continue under existing excise arrangements. The fortnightly cadence of notifications means further alterations are possible at the next review, keeping policy calibrated to both domestic needs and external market signals.

Infrastructure Transport

23 Jun 2026

L&T Achieves Third Bullet Train Tunnel Breakthrough

Larsen & Toubro (L&T) has achieved the breakthrough of Mountain Tunnel-07 (MT-07) on the Mumbai-Ahmedabad High Speed Rail (MAHSR) C-3 package, marking its third tunnel breakthrough within five months. Located in the Sahyadri range near Ambesari village in Dahanu Taluka, Maharashtra, the 417-metre-long tunnel was excavated over 516 days using the New Austrian Tunnelling Method (NATM) and 117 controlled blasts.The 12.6-metre-wide tunnel, designed to accommodate both up and down tracks, was constructed under challenging geological conditions with continuous monitoring and support systems,..

Meghalaya Opens North East’s Largest Spice Plant

Union Finance Minister Nirmala Sitharaman recently inaugurated the Organic Spice Industrial Unit, PRIME-HUB, at Bhoirymbong in Meghalaya. The facility is being positioned as the North East’s largest organic spice processing plant and is expected to strengthen Meghalaya’s agro-industrial and organic farming ecosystem.The project was developed with an investment of Rs 300 million (mn) and is designed to process over 10,000 metric tonnes of organic spices annually. It will directly benefit 5,500 farmers across 112 villages, supporting improved livelihoods, value addition and market access for..

Recykal Raises USD 23 Mn Bridge Round

Recykal, a Hyderabad-based technology platform for waste management and the circular economy, recently raised USD 23 million in a bridge round through a mix of primary and secondary capital. The round saw participation from existing investors and select new family offices.The fresh capital will be used to strengthen Recykal’s technology platform, accelerate its Deposit Return System (DRS) deployments, expand behavioural change solutions in waste management, and support international growth. In FY26, the company reported gross revenue of Rs 14.98 billion, up 53.2 per cent from Rs 9.78 billion..