DIESEL EXPORT DUTY HIKE: The government has more than doubled the export duty on diesel.
Raipur Desk. The government has played a big game in the oil market. The duty on diesel exports has been suddenly increased from ₹21.5 to ₹55.5 per liter. This means that exporting it abroad is now more expensive, while keeping it in the country is cheaper.
Not only diesel, jet fuel (ATF) has also been hit. Its export duty has been increased from ₹29.5 to ₹42 per liter. However, the relief is that no change has been made on petrol.
The government's clear objective is to prevent a shortage of oil within the country and keep prices under control, as crude oil prices in the international market remain high and uncertainty persists.
But this decision may affect the earnings of oil companies, especially those companies which supply diesel and jet fuel abroad.
.jpeg "A New Milestone in Good Governance : CM Helpline Becomes the Voice of the People, Over 92,000 Complaints Registered and More Than 42,000 Grievances Resolved in Just One Month,48 Government Departments on a Single Platform; Raipur Leads Among Districts, Energy Department Tops in Grievance Redressal")
