Centre cuts windfall tax on crude oil output, diesel exports
The government has also cut the export tax on diesel to ₹8 per litre. Changes to the windfall tax will be effective from tomorrow, the order read
The Central Government on Thursday reduced to less than half the windfall tax on crude oil to ₹4,900 ($60.34) per tonne, as per a government order. The government has also slashed the export tax on diesel to ₹8 per litre.