NEW DELHI: The government on Friday slapped an export tax on petrol and diesel after some refineries made “phenomenal profits” shipping overseas at the cost of domestic supplies, and imposed a Rs 66,000 crore windfall tax on crude oil produced locally.
A Rs 6 per litre tax on export of petrol and ATF and Rs 13 per litre tax on export of diesel is effective from July 1, finance ministry notifications showed.
Additionally, a Rs 23,250 per tonne tax was levied on crude oil produced domestically, which at last year’s production level of close to 29 million tonnes translates into annual revenue of Rs 66,000 crore to the government.
