Centre scraps Rs 2.5/litre petrol export duty, hikes diesel levy to Rs 11.5
The Centre took significant steps on October 31 by eliminating the Rs 2.5 per litre duty on petrol exports. In contrast, the excise duties for high-speed diesel and aviation turbine fuel were ramped up; diesel duties increased from Rs 8.5 to Rs 11.5 per litre, and ATF duties from Rs 10.5 to Rs 11.
The Centre took significant steps on October 31 by eliminating the Rs 2.5 per litre duty on petrol exports.
In contrast, the excise duties for high-speed diesel and aviation turbine fuel were ramped up; diesel duties increased from Rs 8.5 to Rs 11.5 per litre, and ATF duties from Rs 10.5 to Rs 11.
This detailed Markets briefing is published on the UCO Bank SC/ST and OBC Employee's Council website so members can read the complete update without leaving the council portal.
Key focus areas include regulatory direction, banking operations, credit conditions, customer service, compliance readiness, and market developments connected with "Centre scraps Rs 2.5/litre petrol export duty, hikes diesel levy to Rs 11.5".
For council members and office bearers, the practical takeaway is to track how this update may affect branch workflows, zone-level coordination, employee representation, and member support requirements.
The council news desk recommends reviewing related circulars, service rules, and grievance channels where the development has service or welfare implications for SC, ST, and OBC employees.
Source attribution: Times of India – Business.
The full narrative above is curated for on-site reading on the council website and will refresh as newer feed details become available.
Full detailed coverage is shown on the council website above. Source attribution: Times of India – Business.
Back to all council news
