Government revises export duty on diesel, jet fuel
Additional excise duty on jet fuel exports has been increased from nil to Rs 3.5/litre whereas excise duty on the export of diesel has been increased to Rs 10.5/litre from Rs 5/litre earlier. The excise duty on the export of petrol continues to be nil.
Additional excise duty on fuel exports will be effective from October 16. This will reduce the refining gains of exports focused companies, mainly Reliance Industries.
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