Duty on diesel

The Indian government has today hiked export duty, i.e. windfall tax, on diesel by ₹34 per litre to ₹55.5/litre, from ₹21.5/litre, with immediate effect, PTI reported. The duty has also been hiked for air turbine fuel (ATF) to ₹42/litre from ₹29.5/litre, an increase of ₹12.5/litre with immediate effect, it added citing a notification from the Ministry of Finance on 11 April (Saturday). Export duty on petrol continues to remain nil, as per the report. Further, it has also raised excise to high-speed diesel to ₹24 and infra cess to ₹36, as per an Economic Times report.