Quick Summary
The Ministry of Finance (Department of Revenue), in a fresh move impacting the central excise duty structure on petroleum-related products, has issued Notification No. 22/2026-Central Excise and Notification No. 23/2026-Central Excise, bringing revisions to excise duty rates effective May 16, 2026. The amendments were officially notified in the Gazette of India on May 15, 2026, signaling another policy-level adjustment in India's indirect tax framework. The latest notifications amend earlier no
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FAQ :
The revised excise duty rates on petroleum products come into effect from May 16, 2026.
The Ministry of Finance (Department of Revenue) issued the notifications for the revised excise duty rates.
Under Notification No. 22/2026-Central Excise, the duty rate under Serial Number 1 has been revised to Rs. 3 per litre, and the duty rate under Serial Number 2 has been revised to Rs. 16.5 per litre.
Notification No. 23/2026-Central Excise substitutes the applicable duty entry under Serial Number 1 with a revised rate of Rs. 16 per litre.
Central excise duty rates are still relevant for petroleum products because they remain partly outside the GST framework in India.
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