Centre cuts windfall tax on petrol, diesel, jet fuel, crude oil | Details here
India Today
Due to a decline in the international rates of fuel, the central government has cut down the windfall tax on petrol, diesel, jet fuel and crude oil. The changes came into effect on Wednesday, July 20.
The government on Wednesday slashed the windfall tax on petrol, diesel, jet fuel and crude oil following a decline in international rates.
It scrapped a Rs 6 a litre tax on the export of petrol and reduced the same on ATF from Rs 6 a litre to Rs 4. Besides, the tax on diesel has been reduced to Rs 11 from Rs 13 per litre, according to finance ministry notifications.
Further, the Rs 23,250 per tonne additional tax on crude oil produced domestically has been cut to Rs 17,000 per tonne.
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