The Ministry of Finance has announced revisions to the Central Excise Duty rates for certain petroleum products, effective from June 1, 2026. These changes, detailed in two new notifications, adjust specific rates for items listed in earlier notifications. Stakeholders in the petroleum industry should familiarise themselves with the updated duty structure to ensure compliance.
The Ministry of Finance, Department of Revenue, has issued two fresh notifications revising Central Excise Duty rates applicable to specified petroleum products. The changes have been notified through Notification No. 24/2026-Central Excise and Notification No. 25/2026-Central Excise dated May 30, 2
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to
CCI PRO
for unlimited access
Why Upgrade to
CCI PRO?
-
No Ads
-
WhatsApp Broadcasts
-
Daily E-Newsletter
-
Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member?
Login here
for an ad-free experience.
FAQ :
The revised Central Excise Duty rates will become effective from June 1, 2026.
The changes are detailed in Notification No. 24/2026-Central Excise and Notification No. 25/2026-Central Excise, both dated May 30, 2026.
Under Notification No. 24/2026, the rate for Serial No. 1 has been revised to Rs. 1.5 per litre, and the rate for Serial No. 2 has been revised to Rs. 13.5 per litre.
Under Notification No. 25/2026, the rate specified against Serial No. 1 has been revised to Rs. 9.5 per litre.
The amendments are made under Section 5A of the Central Excise Act, 1944, read with Section 147 of the Finance Act, 2002, in the public interest.