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The Economic Times
The Economic Times

Govt imposes ₹3/litre windfall tax on petrol exports; cuts diesel, ATF levies

ATF Petrol Oil

The government on Friday imposed a windfall gains tax of Rs 3/litre on the export of petrol, while reducing the levy on diesel to Rs 16.5/litre and aviation turbine fuel to Rs 16/litre effective May 16.

The Finance Ministry, in a notification, said that the road and infrastructure cess will be nil on exports of petrol and diesel.

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