Windfall tax up on domestic crude, down on export of diesel

The government on Thursday raised the windfall tax on domestically-produced crude oil to Rs 10,200 per tonne from Rs 9,500, taking into account the marginal increase in global crude prices in the ninth fortnightly review of the one-off taxes on oil companies.

However, it lowered the levy (special additional excise duty) on the export of diesel to Rs 10.5 per litre from Rs 13. The levy on the export of jet fuel was kept unchanged at Rs 5 per litre, in tandem with the change in refining margins in the last fortnight.