The government has cut the windfall profit tax on crude oil produced in the country to Rs 6,700 per tonne from Rs 7,100 a tonne, a finance ministry notification said.
The tax, levied in the form of special additional excise duty or SAED, on the export of diesel was increased to Rs 6 per litre from Rs 5.50 a litre and on jet fuel or ATF to Rs 4 per litre from Rs 2, it added.
SAED on export of petrol will continue to be zero.
