Govt imposes curbs on petrol, diesel export

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.