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India Raises Windfall Tax On Crude Oil Output

India has raised a windfall tax on domestically produced crude oil to 11,000 Indian rupees per tonne from 8,000 rupees per tonne.
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By Reuters

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Published on October 23, 2022

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Highlights

    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.

    # Crude oil# Auto Industry
    Stay updated with automotive news and reviews right at your fingertips through carandbike.com's Google News

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