Petrol, Diesel Price Today: Fuel Rates Unchanged After Centre Revises Export Duty

Petrol and diesel prices remained unchanged across the country on August 5 even as the Centre increased the windfall tax on exports of petroleum products. The revised export duties came into effect immediately, but the move does not affect domestic retail fuel prices because it applies only to exports.

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Global crude price trends have remained volatile amid geopolitical tensions involving Iran and uncertainty over energy supplies. On August 5, Brent crude price traded above $85 per barrel, while U.S. West Texas Intermediate (WTI) crude was around $80 per barrel. Despite these developments, oil marketing companies kept retail fuel prices unchanged.

Centre Revises Export Duty on Petroleum Products

According to the latest government notification, the export duty on petrol has been increased to ₹3.5 per litre from ₹2.5 per litre.

The export duty on diesel has been raised to ₹25.5 per litre, compared with ₹15.5 per litre earlier. Export duty on Aviation Turbine Fuel (ATF) has also been revised upward to ₹22 per litre from ₹14.5 per litre.

The government said the revision is aimed at ensuring adequate domestic fuel availability and responding to changing conditions in global energy markets.

Petrol and Diesel Prices Today

Why Retail Fuel Prices Remain Unchanged

The latest increase in export duty applies only to shipments made outside India and does not directly impact petrol and diesel sold in the domestic market. Retail fuel prices continue to be reviewed daily by oil marketing companies and may change depending on movements in the global crude price, exchange rate fluctuations and government policy decisions.

Although international crude price movements remain an important factor in fuel pricing, domestic retail rates have not been revised following the latest duty changes.

Previous Revision Announced in July

This is the second revision to export duties within a short period. As per the Finance Ministry’s notification issued on July 16, the export duty on diesel was increased from ₹8.5 per litre to ₹15.5 per litre, while the duty on ATF was raised from ₹7.5 per litre to ₹14.5 per litre.

During the same revision, the export duty on petrol was reduced from ₹4 per litre to ₹2.5 per litre. Earlier changes in July had also revised the Special Additional Excise Duty (SAED) on petroleum exports. With the latest notification now in force, exporters will pay higher duties on petrol, diesel and ATF, while consumers continue to pay the same retail fuel prices across major cities.