Govt raises windfall tax on petroleum crude to Rs 9,600 per MT from Apr 16

The Indian government has raised its windfall tax on petroleum crude to 9,600 rupees ($114.99) a metric ton from 6,800 rupees with effect from April 16, the government said on Monday.

The tax, which is revised every fortnight, will remain unchanged at zero for diesel and aviation turbine fuel.

The government had on April 4 raised windfall tax on petroleum crude to 6,800 rupees a metric ton from 4,900 rupees.