Latest News | Govt Hikes Windfall Profit Tax on Export of Diesel, ATF; Raises Tax on Domestic Crude Oil
Get latest articles and stories on Latest News at LatestLY. The government has hiked the windfall profit tax on the export of diesel to Rs 13.5 per litre and that on jet fuel exports to Rs 9 per litre.
New Delhi, Aug 31 (PTI) The government has hiked the windfall profit tax on the export of diesel to Rs 13.5 per litre and that on jet fuel exports to Rs 9 per litre.
The levy on domestically-produced crude oil too has been increased by Rs 300 per tonne to Rs 13,300.
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At the fourth fortnightly review, the government raised the windfall profit tax on the export of diesel to Rs 13.5 per litre from Rs 7, while on ATF (Aviation Turbine Fuel) exports, it was hiked to Rs 9 per litre from Rs 2, according to a finance ministry notification issued on Wednesday.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)