Govt hikes export duty on diesel to Rs 14/litre, ATF to Rs 12.5/litre

In a recent development, the government has announced an increase in the export duty on diesel and aviation turbine fuel (ATF). This decision is part of the government's efforts to regulate the export of these fuels and generate additional revenue. The new rates will be effective from June 16 and will remain in place for a fortnight. The export duty on diesel has been increased to Rs 14 per litre, while the duty on ATF has been raised to Rs 12.5 per litre. On the other hand, the government has decided to keep the export duty on petrol unchanged, which will provide some relief to petrol exporters. The government's decision to increase the export duty on diesel and ATF is likely to affect the profitability of oil refineries and exporters in the country. The move is also expected to have a positive impact on the country's trade deficit, as it will reduce the outflow of foreign exchange due to oil exports. The government has been taking various measures to regulate the export of oil products and ensure that domestic demand is met. The increase in export duty is one such measure, which is expected to discourage exports and encourage oil refineries to cater to domestic demand. The oil industry is expected to feel the impact of this decision, and it remains to be seen how the government's move will affect the overall economy. The government's decision to increase the export duty on diesel and ATF is a significant development, and its impact will be closely watched by the industry and stakeholders. The move is expected to have both positive and negative effects on the economy, and it will be important to monitor the situation closely in the coming days. The increase in export duty is also expected to have an impact on the prices of diesel and ATF in the domestic market, which could have a ripple effect on the overall economy. The government's decision is a step towards regulating the export of oil products and ensuring that domestic demand is met, and it will be important to see how the situation unfolds in the coming days.