Centre imposes restrictions on exports of fuel

The government has imposed export restrictions on petrol and diesel by directing exporters to supply a specified quantity in the domestic market, a move aimed at ensuring adequate availability within the country.

According to a notification of the Directorate General of Foreign Trade (DGFT), motor gasoline (petrol) exporter is “required to submit a self-declaration to the concerned customs authority at the time of export confirming that 50 per cent of quantity mentioned in the shipping bill has been/will be supplied in the domestic market during the current financial year”.

For gas oil or automotive diesel exporters, the quantity has been fixed at 30 per cent.

However, exports to Bhutan and Nepal are exempted from this condition.