The Union government on Tuesday extended full customs duty exemption on about 40 petrochemical products by 15 days till July 15, citing the conflict in West Asia and the resulting disruptions in global supply chains.

The waiver on customs duty on critical petrochemical products was implemented on April 2 and was set to lapse on June 30.

The waiver was provided to ensure sufficient availability of petrochemicals in the domestic market, considering that Indian petroleum companies “had been asked to concentrate on the production of LPG [liquefied petroleum gas] during this period”, the Union Finance Ministry noted on Thursday.

“As the situation is gradually normalising, to ensure a smooth and non-disruptive transition for the affected sectors, it has been decided to extend the said exemption by a further period of 15 days, that is, till 15th July 2026,” the ministry said in a press release.