🚨🇮🇳 As of March 27, 2026, the Centre cut excise duty on petrol by ₹10 to ₹3 per litre and on diesel to zero from ₹10 per litre, providing significant relief amid high oil prices. This follows severe price hikes, with excise previously at ₹13 for petrol and ₹10 for diesel. A ₹21.5/litre windfall tax is imposed on diesel exports, and Aviation Turbine Fuel (ATF) attracts a ₹50/litre duty. Key Details of Central Fuel Excise Changes (March 2026): Petrol: Reduced from ₹13 to ₹3 per litre. Diesel: Reduced from ₹10 to nil. ATF (Jet Fuel): Special additional excise duty of ₹50 per litre (effective rate ≈ ₹29.5). Purpose: To tackle rising inflation and cushion consumers from high global crude prices following the West Asia crisis. Windfall Tax: ₹21.5 per litre imposed on diesel exports to ensure domestic availability. . . Follow onevisionmedia.in for new updates and knowledge. . . #crudeoil #tax #petrolprice #dieselprice #breakingnews