The government on Thursday increased the on the export of petrol to Rs 2.5 per litre and reduced the windfall tax on diesel to Rs 8.5 per litre from Rs 16 per litre, effective October 16.
The windfall tax on aviation turbine fuel (ATF) remains unchanged. The changes will be effective from October 16, the central board of indirect taxes and customs (CBIC) said in a statement.
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The windfall gains tax rates are revised every fortnight, depending on the average in the last 15 days.
There was no change in the existing duty rates on petrol and diesel cleared for domestic consumption.
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