India cuts windfall tax on diesel, crude oil
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India has cut the windfall tax on diesel and crude oil on Thursday, according to a government notification.
The government cut the windfall tax on crude oil to 6,300 Indian rupees ($75.70) a tonne from 9,800 rupees a tonne while cutting the diesel windfall tax to 1 rupee per litre from 2 rupee per litre, the notification said.
($1 = 83.2270 Indian rupees)
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