Key Points
The government on Wednesday increased the windfall tax on domestically produced crude to Rs 6,800 per tonne from Rs 4,900 per tonne, with effect from April 4...
The export duty on diesel, petrol and Aviation Turbine Fuel (ATF) will continue to remain zeo...
India imposed a windfall tax on crude oil producers from July 2022 and extended the levy on exports of gasoline, diesel and aviation fuel, as private refiners wanted to sell fuel overseas to gain from robust refining margins instead of selling locally...
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Centre slashes windfall tax on domestic crude oil to Rs 3,500 per tonne; hikes duty on diesel
21, Mar, 23Meanwhile, the government increased the export duty on diesel to Re 1 per litre from Rs 0.50.
ONGC, Oil India Ltd to benefit as Govt cuts windfall tax on crude oil
16, Nov, 23India Business News: NEW DELHI The government on Thursday reduced windfall tax on crude oil to Rs 6,300 per tonne from Rs 9,800 in its fortnightly review which will benefi.
Govt hikes windfall tax on petroleum crude to ₹7,100 per tonne from 15 August
15, Aug, 23The government has increased the windfall tax on petroleum crude to ₹7,100 rupees ($85.37) per tonne from 4,250 rupees per tonne with effect from tomorrow, 15 August according to a government notification
Govt cuts windfall tax on petroleum crude to Rs 1,700 per tonne
15, Jan, 24The Government of India has reduced the windfall tax on petroleum crude from Rs 2,300 per tonne to Rs 1,700 per tonne, effective from January 16. The windfall tax was sharply increased on January 2 from Rs 1,300 per tonne. India introduced windfall profit taxes on July 1, 2022, to tax supernormal profits of energy companies.
Govt hikes windfall tax on domestic crude, cuts levy on export of diesel, ATF
29, Sep, 23India Business News: NEW DELHI: The government on Friday hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 3.
Centre increases windfall tax on petroleum crude after gap of 2 months
14, Jul, 23The windfall tax will be effective from 15 July onwards.
Tax hike on diesel exports, windfall gains tax on crude oil production cut to Rs 3500 per tonne
21, Mar, 23In its fortnightly review, the government hiked the export duty on diesel while slashing the tax on the domestic production of crude oil.