/ / Govt cuts windfall tax on fuel export, raises levy on domestic crude oil

Govt cuts windfall tax on fuel export, raises levy on domestic crude oil

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The government on Tuesday evening cut the windfall tax on diesel and ATF in line with softening international petroleum product prices but raised the duty on domestically produced crude oil. While the tax on export of diesel was cut to Rs 5 per litre from Rs 11, that on jet fuel (ATF) was scrapped, an official notification showed.

from Times of India https://ift.tt/NvxU0cM
https://ift.tt/M1d47je The government on Tuesday evening cut the windfall tax on diesel and ATF in line with softening international petroleum product prices but raised the duty on domestically produced crude oil. While the tax on export of diesel was cut to Rs 5 per litre from Rs 11, that on jet fuel (ATF) was scrapped, an official notification showed.

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