Quick Summary
The Ministry of Finance has notified fresh amendments to central excise duty rates applicable to petroleum products, revising specific duty components on petrol and diesel with effect from 16 July 2026. The changes have been introduced through Notification Nos. 38/2026-Central Excise and 39/2026-Cen
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FAQ :
The revised excise duty rates for petrol and diesel components are effective from 16 July 2026.
The revised rates are Rs. 2.5 per litre, Rs. 15.5 per litre, and Rs. 14.5 per litre for specific components, replacing earlier rates.
The changes are detailed in Notification Nos. 38/2026-Central Excise and 39/2026-Central Excise.
The amendments are issued under Section 5A of the Central Excise Act, 1944, read with Section 147 of the Finance Act, 2002.
These revisions can influence the overall tax structure on petrol and diesel, potentially affecting retail fuel prices depending on adjustments by oil marketing companies.
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