Govt hikes windfall tax on petroleum crude, cuts levy on diesel export
The Indian government has increased windfall tax on petroleum crude to 10,000 rupees ($120.36) per ton from 6,700 rupees, effective Sept. 16, according to a government notification on Friday.
The government also cut windfall tax on aviation turbine fuel to 3.50 rupees per litre from 4 rupees.
The levy on diesel has been cut to 5.50 rupees per litre from 6 rupees, the notification said.
