Centre raises windfall tax on crude oil to ₹11,000 a tonne1 min read . Updated: 16 Oct 2022, 06:57 AM IST
At present, the windfall tax on petroleum levied in the form of special additional excise duty is ₹8,000 a tonne.
The Central government has raised the windfall tax on crude oil by about 37% to ₹11,000 per tonne as part of the fortnightly revision in the rate, said a person familiar with the decision.
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