Centre increase windfall tax to Rs 13,300, hikes duty on diesel and ATF

The centre has increased the windfall tax on domestic crude oil to Rs 13,300 per tonne from earlier Rs 13,000 per tonnr. It has also revised the cess on export of aviation turbine fuel (ATF) to Rs 9 per litre from Rs 2 per litre and increased additional excise duty on export of diesel has been increased from to Rs 12 per litre from Rs 6 per litre.

The revision comes into effect from 1 September, 2022.