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
5 Types Of Foods That Will Help Lose Belly Fat
5 Places To Visit In Himachal Pradesh In Monsoon
Early Monsoon In Delhi Claimed 8 lives on Friday
First Day Of Monsoon Season: Delhi’s Infrastructure Collapses
8 Houseplants that absorb moisture in monsoon
7 Best Medical Courses To Pursue After 12th Without NEET Exam
5 THINGS TO KNOW ABOUT TETANUS VACCINES
5 FOOD ITEMS TO AVOID DURING MOONSOON SEASON
UPCOMING BOLLYWOOD MOVIES OF 2024
Vistara Named Best Airline In India And South Asia
6 Nations with Highest Cancer Rates
27 Days Of Fuel Left: Sunita Williams Is Stuck In Space
6 WONDERFUL PLACES IN INDIA FOR JULY MONSOONS
TOP 5 DEEPIKA PADUKONE MATERNITY WEAR LOOK
6 Bollywood Actresses Wore Saree On Their Wedding
Karisma Kapoor Birthday: 5 Movies Of
The Actress You Should Not Miss On OTT
Sonakshi Sinha Wedding Reception Best Looks Celebrity Guests
5 Actors Who Are Into Restaurant Business
6 Middle-Class Must-See Spots in Dubai
4 Most Poisonous Animals In The World