Windfall tax on crude petroleum reduced to Rs 1,850/tonne

Quick Summary:

The Indian government has announced a reduction in the windfall tax on domestically-produced crude oil from Rs 2,100 to Rs 1,850 per tonne, effective from August 31, 2024.

The special additional excise duty on the export of diesel, petrol, and jet fuel continues to be 'nil'.

The tax rates are reviewed every fortnight based on recent oil price trends.

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Article Details

Author / Journalist: PTI

Category: EconomyBusiness

Markets: IndiaSri Lanka

Topics: Government Rs 1 Business news Crude petroleum 850/tonne Reduced Windfall tax

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-31 @ 17:29:34 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 411 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22318542

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