Govt hikes Special Additional Excise Duty on petroleum exports from May 16, 2026

The Ministry of Finance has notified a hike in Special Additional Excise Duty (SAED) on exports of petroleum products, imposing Rs 3 per litre on petrol, Rs 16.5 per litre on diesel, and Rs 16 per litre on Aviation Turbine Fuel (ATF). The move, announced through official gazette notifications on May 15, aims to adjust export levies while setting the Road and Infrastructure Cess (RIC) to nil on these products.

"The



notification shall come into force with effect from May 16, 2026," read the statement.

Domestic excise duties on petrol and diesel meant for local consumption will remain unchanged, ensuring no immediate impact on retail fuel prices within the country. The differential taxation strategy is expected to boost government revenue from petroleum exports without affecting price stability for Indian consumers.