Centre hikes petrol export duty fivefold, cuts diesel levy by 47 pc

New Delhi, Oct 16 (UNI) The Centre has increased the special additional excise duty on petrol exports fivefold to Rs 2.50 per litre while reducing the levy on diesel exports by nearly 47 per cent to Rs 8.50 per litre, according to a Finance Ministry notification. The revised rates, notified by the Department of Revenue, mark the second adjustment to petroleum export duties this month amid fluctuations in international crude oil and petroleum product prices. Under Notification No. 54/2026-Central Excise, published in the Gazette of India as G.S.R. 894(E), the duty on petrol exports has been raised from Rs 0.50…