India Cuts Windfall Tax On Crude Oil Output, Diesel Exports
Reuters
Oct 29, 2022, 08:43 AM
The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne from Sunday, after a decline in global oil prices.
India has also scrapped an export tax on jet fuel and halved export duties on diesel to 5 rupees per litre from Sunday, a government notification said.
Related News
Latest Cars
Upcoming Cars
Latest News
Jaiveer Mehra | Mar 30, 2026New Hyundai Venue Secures 5-Star Bharat NCAP Safety RatingThe second-gen Venue gets higher scores than the Tata Nexon and its cousin, the Kia Syros.1 min read
car&bike Team | Mar 30, 2026New Car Launches In April: SUVs, EVs And MoreThe first month of new financial year promises a lot of new car launches and these includes everything from facelifts to brand new nameplates.2 mins read
car&bike Team | Mar 30, 2026Kia Seltos Gets 5-Star Bharat NCAP Safety Rating, Outscores The Tata SierraSecond-gen Seltos was launched in India earlier this year and is offered with petrol, turbo-petrol and diesel engine options.1 min read
car&bike Team | Mar 29, 2026Mahindra XEV 9S Unseats MG Windsor As India’s Best Selling EV In Feb 2026Mahindra’s three-row electric SUV was the best-selling EV in India last month with over 3,500 units sold.1 min read
car&bike Team | Mar 29, 2026Skoda Kodiaq Recalled in India Over Defective Seat Frame; 200+ Units AffectedSkoda says that a defect in the inner frame of the front seats could compromise the protection offered by the side airbags during a collision.1 min read
car&bike Team | Mar 28, 2026New Mercedes-Benz GLS, GLE, GLE Coupe Global Debut On March 31Mercedes-Benz is gearing up to unveil updated versions of the GLE, GLE Coupe and GLS, with subtle design tweaks, updated interiors and revised powertrains expected.3 mins read
Janak Sorap | Mar 25, 2026Ducati Desmo450 MX Review: In PicturesDucati’s first-ever motocross motorcycle, the Ducati Desmo450 MX, promises extreme performance and race-focused engineering, and we recently experienced it at BigRock Dirt Park to find out what it’s really like to ride.1 min read
Bilal Firfiray | Mar 24, 2026Nissan Gravite Review: Sub-Rs 10 Lakh Seven-Seater That’s PracticalNissan has introduced the Gravite as a practical seven-seater that’s affordable, that’s easy to live with, and value for money. But should you buy it?1 min read
Janak Sorap | Mar 23, 2026Ducati Desmo450 MX Review: No Road, Only DirtDucati’s first-ever motocross motorcycle promises extreme performance, advanced technology and race-focused engineering, and we got a chance to experience it at BigRock Dirt Park to see what it’s really like.7 mins read
Seshan Vijayraghvan | Mar 21, 20262026 Renault Duster Review: The Hero Returns, But Does He Deliver?2026 Renault Duster - new design, new platform, modern tech, and most notably, the segment’s most powerful turbo-petrol engine.8 mins read
Bilal Firfiray | Mar 20, 2026Skoda Kushaq Facelift Review: Sharper, Smarter, Still The Driver’s SUV?Skoda Kushaq facelift comes with updated design, newer features on the inside, and a new 8-speed automatic gearbox. But does it still stand out as the driver’s SUV in its segment?5 mins read