Petrol, Diesel Prices to Drop: Center Announces Major Fuel Tax Cuts

• Central government announces significant tax revisions for petrol, diesel, and ATF.
• Excise duty on petrol cut from 13 rupees to 3 rupees per liter; diesel tax abolished to zero.
• New export regulations: 18.50 rupees special excise duty on high-speed diesel exports, petrol exports duty-free.
• Relief for PSUs supplying fuel to neighboring countries and foreign aircraft refueling.
• ATF special additional excise duty reduced to 29.50 rupees per liter; additional customs duty on imported ATF removed.