Tag: windfall tax on crude petroleum

Windfall tax on crude petroleum reduced to ₹1,850 per tonne

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Windfall tax on crude petroleum reduced to ₹1,850 per tonne

Representational image only. The government has cut the windfall tax on domestically-produced crude oil to ₹1,850 per tonne, from ₹2,100 per tonne with effect from Saturday (August 31, 2024.) The tax is levied in the form of Special Additional Excise Duty (SAED). The SAED on the export of diesel, petrol and jet fuel or ATF,…

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Govt hikes windfall tax on crude petroleum, cuts levy on diesel

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Govt hikes windfall tax on crude petroleum, cuts levy on diesel

Image used for representational purpose. | Photo Credit: Special Arrangement The government has hiked windfall tax on domestically produced crude oil to ₹4,600 per tonne from ₹3,300 per tonne with effect from March 1. The tax is levied in the form of Special Additional Excise Duty (SAED). The SAED on export of diesel, however, has…

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