The Indian government has extended central excise duty exemptions to petrol blended with 22%, 25%, 27%, and 30% ethanol, as per an official notification dated June 10.
This move comes after the Union government reduced excise duty on domestic petrol and diesel by ₹10 per litre each in March to protect consumers from rising international oil prices.
The duty cuts will reduce oil companies' losses on auto fuels without any reduction in pump prices of petrol and diesel.
The government had also imposed duties on exports of diesel by ₹21.5 per litre and aviation turbine fuel (ATF) by ₹29.5 a litre to ensure vital fuel products are domestically available in view of the West Asia crisis.
The West Asia conflict has disrupted global energy supplies, leading to a hike in fuel rates four times by oil making companies in India since May 15.
