Centre cuts windfall tax on crude, aviation turbine fuel and diesel: Report
India has cut its windfall tax on crude oil and exports of aviation turbine fuel and diesel, according to a government notification dated February 15.
Windfall tax on crude was cut to 4,350 rupees ($52.60) per tonne from 5,050 rupees per tonne, effective Thursday.
The government also cut export tax on aviation turbine fuel to 1.50 rupees per litre from 6 rupees per litre, and reduced export tax on diesel to 2.50 rupees per litre from 7.50 rupees per litre, the notification said.
