Govt slaps export tax on petrol, diesel; windfall tax on home crude oil
The authorities on Friday slapped a Rs 6 per litre tax on exports of petrol and ATF and Rs 13 per litre on exports of diesel.
The authorities additionally slapped a Rs 23,230 per tonne further tax on domestically produced crude oil to remove windfall features accruing to producers from excessive worldwide oil costs, a separate authorities notification confirmed.
The tax on exports follows oil refiners, notably the personal sector, reaping large features from exporting gasoline to markets comparable to Europe and the US.
The tax on domestically produced crude oil follows native producers reaping windfall features from the surge in worldwide oil costs.
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