Govt cuts windfall tax on domestic crude oil, ATF, diesel export

September 18, 2022 08:24 AM

The government reduced the windfall tax on domestically produced crude oil to ₹10,500 from ₹13,300 a tonne, according to a Ministry of Finance circular.

It also reduced the tax on the export of diesel to ₹8.5 per litre from ₹13.5 and on aviation turbine fuel (ATF) from ₹9 per litre to ₹5.

The new rates will be effective from Saturday.

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