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Home Latest Update

Centre hikes petrol export duty fivefold, cuts diesel levy by 47 pc

United News of India by United News of India
October 16, 2026
in Latest Update
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Petrol, diesel prices hiked by Rs 3 per litre across major cities
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New Delhi, Oct 16 (UNI) The Centre has increased the special additional excise duty on petrol exports fivefold to Rs 2.50 per litre while reducing the levy on diesel exports by nearly 47 per cent to Rs 8.50 per litre, according to a Finance Ministry notification.

The revised rates, notified by the Department of Revenue, mark the second adjustment to petroleum export duties this month amid fluctuations in international crude oil and petroleum product prices.
Under Notification No. 54/2026-Central Excise, published in the Gazette of India as G.S.R. 894(E), the duty on petrol exports has been raised from Rs 0.50 to Rs 2.50 per litre, an increase of Rs 2 per litre, while the diesel export levy has been cut from Rs 16 to Rs 8.50 per litre, a reduction of Rs 7.50 per litre.

United News of India

United News of India

United News of India

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The publication of “Kashmir Horizon” as an English daily was started with a modest attempt on May 19, 2008.It has been a Himalayan attempt for “The Kashmir Horizon” to survive the challenges posed to journalism in the violence fraught place like Jammu & Kashmir.

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