India Raises Windfall Tax On Crude Oil Output
Reuters
Oct 27, 2022, 01:48 PM
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.
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