Petrol Export Duty Cut to Zero From ₹2.50 a Litre
Petrol and diesel prices in Delhi, Mumbai and Bengaluru were listed for November 3. A Finance Ministry notification says the export duty on petrol was cut to zero from ₹2.50 per litre under a revised structure effective October 31. This duty is charged on fuel exported, so it is a separate charge from the retail price drivers see.
Context
Export duty is a tax on fuel sent out of India, and the government changes it from time to time. Pump prices depend on several factors, including crude oil costs, taxes and local levies, which is why they vary by city.
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