{"id":507538,"date":"2022-07-21T11:41:40","date_gmt":"2022-07-21T06:11:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=507538"},"modified":"2022-07-21T11:41:40","modified_gmt":"2022-07-21T06:11:40","slug":"govt-cuts-windfall-tax-on-petrol-diesel-exports-excise-on-crude-oil-cut-to-rs-17000-per-tonne-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-cuts-windfall-tax-on-petrol-diesel-exports-excise-on-crude-oil-cut-to-rs-17000-per-tonne-2\/","title":{"rendered":"Govt cuts windfall tax on petrol, diesel exports; excise on crude oil cut to Rs 17,000 per tonne"},"content":{"rendered":"<p>Government eases windfall tax Diesel, Crude Oil And Jet Fuel Shipments: The government on Wednesday lowered the 19-day-old windfall taxes on domestic crude and exports of diesel and aviation turbine fuel and removed the tax on overseas shipment of petrol, as global crude prices moved to a lower \u201cband\u201d and refining spreads of domestic fuel companies have declined. It also cut the new cess on domestically produced crude by 27%.<\/p>\n<p>The taxes were imposed on July 1 to rein in inflation and ensure adequate availability of the transport fuels in the local market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government eases windfall tax Diesel, Crude Oil And Jet Fuel Shipments: The government on Wednesday lowered the 19-day-old windfall taxes on domestic crude and exports of diesel and aviation turbine fuel and removed the tax on overseas shipment of petrol, as global crude prices moved to a lower \u201cband\u201d and refining spreads of domestic fuel companies have declined. It also cut the new cess on domestically produced crude by 27%. The taxes were imposed on July 1 to rein in inflation and ensure adequate availability of the transport fuels in the local market.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-507538","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/507538","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=507538"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/507538\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=507538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=507538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=507538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}