{"id":506968,"date":"2022-07-20T09:40:16","date_gmt":"2022-07-20T04:10:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=506968"},"modified":"2022-07-20T09:56:37","modified_gmt":"2022-07-20T04:26:37","slug":"govt-cuts-windfall-tax-on-fuel-exports-as-global-crude-oil-prices-fall","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-cuts-windfall-tax-on-fuel-exports-as-global-crude-oil-prices-fall\/","title":{"rendered":"Govt cuts windfall tax on fuel exports as global crude oil prices fall"},"content":{"rendered":"<p>India eliminated a levy on gasoline exports and cut windfall taxes on other fuels less than three weeks after they were imposed, offering relief for the nation\u2019s No. 1 fuel exporter Reliance Industries Ltd. and top crude explorer Oil &amp; Natural Gas Corp.<\/p>\n<p>New Delhi reduced the windfall tax on diesel and aviation fuel shipments by Rs 2 a liter, and scrapped completely a Rs 6-per-liter levy on gasoline exports, according to a government notification. It also cut the tax on domestically produced crude by about 27% to Rs17,000 a ton. Bloomberg News first reported Thursday that the government was considering lowering the taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India eliminated a levy on gasoline exports and cut windfall taxes on other fuels less than three weeks after they were imposed, offering relief for the nation\u2019s No. 1 fuel exporter Reliance Industries Ltd. and top crude explorer Oil &amp; Natural Gas Corp. New Delhi reduced the windfall tax on diesel and aviation fuel shipments by Rs 2 a liter, and scrapped completely a Rs 6-per-liter levy on gasoline exports, according to a government notification. It also cut the tax on domestically produced crude by about 27% to Rs17,000 a ton. Bloomberg News first reported Thursday that the government was [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-506968","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/506968","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=506968"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/506968\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=506968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=506968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=506968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}