BackECONOMY
Govt to raise export duty on petrol, diesel and aviation fuel from May 16 onwards
The government announced changes to export duties on refined fuels, raising petrol export duty and cutting duties on diesel and aviation fuel. The notification was issued on May 15, 2026, and the changes are to take effect from May 16 onwards.
Why It Matters
The move signals a shift in India's export taxation on fuel products, which could influence domestic fuel prices and the profitability of fuel exports.
Timeline
3 Events
Export-duty changes take effect from May 16 onwards
May 15, 2026
The changes are to take effect from May 16 onwards.
Export duty on petrol raised; diesel and aviation fuel duties cut
May 15, 2026
The Ministry of Finance announced that export duty on petrol would be raised to ₹3 per litre, while export duty on diesel would be cut to ₹16.5 per litre and aviation turbine fuel to ₹16 per litre.
Retail fuel prices raised in India
May 14, 2026
Retail fuel prices were raised for the first time since the war between the US, Israel and Iran began in February, according to the article.