India Cuts Windfall Tax On Crude Oil Output, Diesel Exports
Reuters
Oct 29, 2022, 10:24 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.
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