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India Cuts Windfall Tax On Crude Oil Output, Diesel Exports

The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne.
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By Reuters

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Published on October 29, 2022

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Highlights

    The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne from Sunday, after a decline in global oil prices.

    India has also scrapped an export tax on jet fuel and halved export duties on diesel to 5 rupees per litre from Sunday, a government notification said. 

    # Crude oil# Auto Industry
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