Centre increases windfall tax on crude to Rs 4250 per tonne

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Export duty on petrol and export duty for Aviation Turbine Fuel (ATF). will continue to be nil.Agencies..

The centre on Monday increased windfall tax on domestically produced crude petroleum to Rs 4250 per tonne from existing Rs 1,600 per tonne...

It has also increased duty on export of diesel to Rs one per litre from Nil...

The government's imposed special additional excise duty (SAED) on the production of crude oil and the export of petroleum products from July 1, 2022...

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It also marginally increased export duty on diesel to Rs one per litre from Rs 0.50 while keeping both petrol and Aviation Turbine Fuel (ATF) exempted from the export levy. The new rate will be effective from March 21.