Government Raises Windfall Tax On Domestic Crude, Lower Charges Diesel, ATF Exports

On Friday, the government raised the special additional excise duty (SAED) on crude petroleum to Rs 10,000 per tonne, effective September 16, 2023.

The windfall tax on domestically produced crude oil was set at Rs 6,700/tonne in the last fortnightly review on September 1, 2023.

Furthermore, the SAED, or duty on the diesel export, would be reduced to Rs 5.50/litre from Rs 6/litre currently.

The levy on jet fuel or ATF will be decreased to Rs 3.5/litre on Saturday, down from Rs 4/litre currently.

SAED on petrol will remain zero.

On July 1, 2022, India enacted the first windfall profit taxes.

Also read: Redington Ltd To Provide The Latest Models Of iPhones, Apple Watches Across India

Narak Chaturdasi 2025: Significance And Celebrations Of Choti Diwali

The Art Of Chai: Discovering India’s Most Beloved Tea Stalls

Aryatara Shakya: Nepal’s New Kumari, The Living Goddess Tradition Explained

World War II Stories You Never Heard

The Most Powerful Empires In Human History

Queens Who Ruled Before Feminism – Power, Politics & Rebellion

The Story Of Koh-i-Noor: The Diamond That Travelled Across Empires

India’s First Nuclear Test: Pokhran 1974

Heritage Hotels That Let You Sleep Like Royalty

Fashion Icons 2025: Bollywood’s Style Vanguard

Hidden Hill Stations In India You’ve Probably Never Heard Of

7 Hidden Gems in India You’ve Never Heard Of

Street Foods Of India You Must Try Once In A Lifetime

Unique Themed Restaurants In Delhi NCR

Built On Volcanoes: Why People Still Live There?

Space Tourism: How Soon Can You Book A Ticket?

Day 10 Of Navratri – Dussehra (Vijayadashami)

9th Day Of Navratri – Goddess Siddhidatri

6 Facts About Delhi That Travellers Should Know

Maha Ashtami In Bengal – A Divine & Cultural Celebration