Economy, Banking and Finance · 31 October 2026

Finance Ministry Removes Petrol Export Duty and Adjusts Levies on Diesel and Aviation Turbine Fuel

Exam-focused facts from the 31 October 2026 current affairs briefing.

Key facts

  • The Department of Revenue under the Ministry of Finance issued two notifications on October 31, 2026, to revise export duties on fuel products.
  • The export duty on petrol was reduced to nil, effective from the date of publication in the Official Gazette.
  • The special additional excise duty (SAED) on diesel was increased to ₹11.5 per litre.
  • The export duty on aviation turbine fuel (ATF) was fixed at ₹11 per litre, consisting entirely of SAED.
  • The government introduced export levies on petrol, diesel, and ATF on March 27 to ensure domestic availability of petroleum products.

View this story in the full daily briefing

Earlier coverage selected by topic similarity to help connect developments over time.

India Cuts Windfall Tax on Petrol Exports to Zero

The Government of India has reduced the windfall tax on diesel exports to ₹24 per litre from ₹25.5 per litre. The levy on aviation turbine fuel (ATF) exports has been cut to ₹19.5 per litre from ₹22 per litre.