{"id":502457,"date":"2022-07-02T11:31:24","date_gmt":"2022-07-02T06:01:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=502457"},"modified":"2022-07-02T11:31:24","modified_gmt":"2022-07-02T06:01:24","slug":"govt-slaps-rs-66000-crore-windfall-tax-on-crude-oil-production-introduces-export-levy-on-petrol-diesel-atf","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-slaps-rs-66000-crore-windfall-tax-on-crude-oil-production-introduces-export-levy-on-petrol-diesel-atf\/","title":{"rendered":"Govt slaps Rs 66,000 crore windfall tax on crude oil production; introduces export levy on petrol, diesel, ATF"},"content":{"rendered":"<p>NEW DELHI: The government on Friday slapped an export tax on petrol and diesel after some refineries made &#8220;phenomenal profits&#8221; shipping overseas at the cost of domestic supplies, and imposed a Rs 66,000 crore windfall tax on crude oil produced locally.<br \/>\nA 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.<br \/>\nAdditionally, a Rs 23,250 per tonne tax was levied on crude oil produced domestically, which at last year&#8217;s production level of close to 29 million tonnes translates into annual revenue of Rs 66,000 crore to the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The government on Friday slapped an export tax on petrol and diesel after some refineries made &#8220;phenomenal profits&#8221; 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&#8217;s production level of close to 29 million tonnes translates into [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-502457","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/502457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=502457"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/502457\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=502457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=502457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=502457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}