Govt to raise export duty on petrol, cuts levy on diesel and aviation fuel from May 16 onwards
India raised its export duty on petrol and cut levies on diesel and aviation fuel on Friday, the Ministry of Finance said in a statement. This notification from the government comes within a day of raising retail fuel prices for the first time since the war between the US, Israel and Iran broke out in February.
Citing the government notification, news agency PTI reported that the duty on exports of petrol has been raised to ₹3 per litre, a first since the Iran war started.
