Government Slashes Excise Duty: Petrol Down by Rs 3, Diesel by Rs 10 – Big Relief for Consumers
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Fuel Relief: Excise Duty Slashed on Petrol and Diesel Amidst Global Crisis
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News18•27-03-2026, 09:29
Fuel Relief: Excise Duty Slashed on Petrol and Diesel Amidst Global Crisis
•Center reduces excise duty on petrol by 10 rupees (from 13 to 3) and completely removes it on diesel (from 10 to 0).
•The move aims to curb rising fuel prices, influenced by the US-Israel-Iran conflict and the Strait of Hormuz blockade.
•Government amends Central Excise Duty Rules, 2017, making provisions 18 and 19 inapplicable to petrol, HSD, and ATF.
•New SAED of 18.5 rupees per liter on exported HSD, while SAED on exported petrol is zero to encourage exports.
•Exemptions for exported fuel and fuel supplied to foreign airlines from Basic Excise Duty and AIDC; SAED on ATF increased but effectively reduced to 29.5 rupees per liter.
