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Business News/ Industry / Energy/ Centre increases windfall tax on domestic crude oil with effect from today

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Centre increases windfall tax on domestic crude oil with effect from today

1 min read 01 Aug 2023, 06:09 AM IST Livemint

According to a government notification on Monday, a windfall tax on diesel has been increased to 1 rupee per litre from nil earlier

The windfall tax on petrol and aviation turbine fuel has been left unchanged. (Reuters) — The windfall tax on petrol and aviation turbine fuel has been left unchanged. (Reuters)

Central Government has hiked windfall tax on domestic crude oil with effect from today. Special Additional Excise Duty (SAED) on crude petroleum increased from ₹1600/tonne to ₹4250/tonne. According to a government notification on Monday, a windfall tax on diesel has been increased to 1 rupee per litre from nil earlier.

The windfall tax on petrol and aviation turbine fuel has been left unchanged.

This is a breaking story. Please refresh for more updates.

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Updated: 01 Aug 2023, 06:21 AM IST

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