India Raises Windfall Tax On Crude Oil Output

India has raised a windfall tax on domestically produced crude oil to 11,000 Indian rupees ($133.59) per tonne from 8,000 rupees per tonne from Sunday, a government order said on Saturday.

India has also imposed an export tax of 3.50 rupees per litre on jet fuel, the order said.

A windfall profit tax on the export of diesel has been lifted to 12 rupees a litre from 6.5 rupees, it also said.