01-01-1970 12:00 AM | Source: IANS
Centre hikes windfall tax on domestic crude oil
The Central government has hiked windfall tax on domestic crude oil and reduced the tax on export of diesel.
The tax on crude oil produced by State-owned ONGC was hiked to Rs 10,200 per tonne from Rs 9,500 per tonne, with effect from Thursday, according to a notification.
The revision in windfall tax is done every fortnight.
The government has also reduced the rate on export of diesel to Rs 10.5 per litre, from Rs 13 per litre.
The levy on diesel includes Rs 1.50 per litre road infrastructure cess.
The export tax on jet fuel though has been left unchanged, which stands at Rs 5 a litre.
Latest News
Evening Roundup : A Daily Report on Bullion Energy &...
ITI AMC announces activation of new OPA
India's Blue Star posts jump in Q4 adjusted profit o...
Gautam Adani meets new British envoy to India, wishe...
FIIs stood as net buyers in equities as per May 02 d...
NPCI partners Bank of Namibia to develop UPI-like pa...
Report on power sector equity raises to power up to ...
Motilal Oswal Flexicap Fund Celebrates a Decade of H...
Buy Zinc above 258.50 SL below 256.50tct 261/262 - A...
Blue Star`s FY24 Total Income rises 21.4% to Rs 9685...