New Delhi, April 11 – The Centre on Saturday increased excise duties on petroleum products, including high-speed diesel, with immediate effect, according to a notification issued by the Ministry of Finance.
The Union government has hiked the export duty or windfall tax on diesel by Rs 34 per litre to Rs 55.5 per litre from Rs 21.5 per litre, with immediate effect.
According to the Gazette notification, the Special Additional Excise Duty on high-speed diesel has been raised to Rs 24 per litre.
In a separate notification, the Union government also increased the Road and Infrastructure cess on diesel to Rs 36 per litre under provisions of the Finance Act, 2018.
The Centre said the revisions were aimed at aligning domestic duties with rising global crude prices and preventing exporters from gaining undue advantage due to price differentials.
Meanwhile, duty on aviation turbine fuel (ATF) has also been raised from Rs 29.5 per litre to Rs 42 per litre, while export duty on petrol continues to remain nil.
Global oil markets have remained volatile following the escalation of conflict in West Asia.
On February 28, the US and Israel launched military strikes against Iran, triggering retaliatory actions from Tehran.
Subsequently, on April 8, Iran, the US and Israel agreed to a two-week ceasefire after the conflict disrupted energy markets and trade flows across the West Asia region.
The notification said the decision to revise duties was taken as circumstances warranted immediate action.
Further amendments have also been made to earlier notifications issued on March 26, 2026, revising applicable duty rates on petroleum products.
All the changes have come into force with immediate effect, the notification added.
Earlier, oil marketing companies hiked ATF prices.
Rates for domestic carriers were increased by Rs 8,289.04 per kilolitre, or 8.56 per cent, to Rs 1,04,927.18 per kilolitre from Rs 96,638.14 per kilolitre.
Meanwhile, prices for foreign carriers and non-scheduled, charter and ad-hoc operators were raised more sharply by 114.5 per cent to Rs 2,07,341.22 per kilolitre.
Analysts said the increase in ATF prices may offer short-term relief to oil marketing companies.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.