According to a notification issued by the government, the windfall tax on petroleum crude will be eliminated on May 16 and will no longer be more than 4,100 rupees ($50.13) per tonne.
It maintained the zero windfall tax on aviation turbine fuel (ATF), diesel, and gasoline.
On May 1, the duty on oil unrefined was brought down to 4,100 rupees for each ton from 6,400 rupees for every ton.
India last July had forced the bonus charge on raw petroleum makers and expanded the duty on products of gas, diesel, and ATF after confidential purifiers needed to make gains from strong refining edges in abroad business sectors.
Amit Shah will pay tribute to police martyrs in New Delhi and flag off a…
Delhi Police arrested four more people, including two women, in the Tiger Shroff firing case,…
Horoscope Today, 21 October 2026: Curious what the stars have in store? Discover how your…
Pakistan defeated England by 87 runs in the second tri-series match in Rawalpindi, with Arafat…
India defeated Zimbabwe by 92 runs in the third T20I in Raipur to seal a…
Union Home Minister Amit Shah attended Vijayadashami celebrations in Ludhiana, burned a symbolic effigy representing…