Windfall profit tax on domestic crude oil cut

The government on Friday cut the windfall profit tax on locally produced crude oil in line with a fall in international rates, and reduced the levy on export of diesel and jet fuel (ATF). At the fifth fortnightly review, the government reduced tax on domestically-produced crude oil to Rs 10,500 per tonne from Rs 13,300 per tonne.

from Times of India https://timesofindia.indiatimes.com/business/india-business/windfall-profit-tax-on-domestic-crude-oil-cut/articleshow/94254155.cms