India Hikes Export Duty on Diesel and ATF
The Indian government has hiked the export duty on diesel to ₹55.5/litre and on ATF to ₹42/litre, with immediate effect. This decision was made on 11 April. The increase in export duty is expected to have an impact on the prices of these fuels in the international market.
Key Facts & Details
3 points- 1Export duty on diesel increased to ₹55.5/litre
- 2Export duty on ATF increased to ₹42/litre
- 3Decision effective from 11 April
Exam Relevance & Angle
This decision is relevant for the Economy and Banking section, specifically for the topic of Trade and Commerce
Target Exams
Background & Context
The Indian government has been actively managing the prices of diesel and ATF in the country. The export duty on these fuels is one of the tools used to regulate their prices. The government has been reviewing the export duty regularly to ensure that these fuels are available in the domestic market at reasonable prices.
The increase in export duty is expected to reduce the outflow of diesel and ATF from the country, which will help in maintaining their availability in the domestic market.
The decision to hike the export duty on diesel and ATF is also expected to have an impact on the prices of these fuels in the international market.
This topic is important for:
