Windfall Tax Archives

Government removed windfall tax from petrol, diesel and ATF: Finance Minister Nirmala Sitharaman gave information in Lok Sabha notification.

Hindi News Business Government Scraps Windfall Tax On ATF, Crude Products, Petrol And Diesel Exports New Delhi31 minutes ago copy link The Central Government has removed the Special Additional Excise Duty (SAED), i.e. windfall tax, imposed on Aviation Turbine Fuel (ATF), Petrol and Diesel. Now refining companies exporting petrol and diesel will not have to…

Windfall Tax on Crude Petroleum Slashed to Zero – News18

DainikNews Live Admin1 year ago02 mins

Last Updated: September 18, 2024, 08:10 IST India first imposed windfall profit taxes on July 1, 2022. (Representative image) The government on Tuesday slashed windfall tax on domestically produced crude oil to ‘nil’ per tonne with effect from September 18. On Tuesday, the government slashed windfall tax on domestically produced crude oil to ‘nil’ per…

Petrol, Diesel May Become Cheaper? Petroleum Secretary Hints At Good News, But Theres A Catch

DainikNews Live Admin1 year ago03 mins

New Delhi: Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas has hinted that the prices of petrol and diesel may be reduced if the price of crude oil remains persistently low across the world for a little longer. Oil companies may consider reducing the rates of petrol and diesel if the crude oil remains…

Government reduces windfall tax on crude oil from today: From ₹2,100 to ₹1,850 per metric tonne, exemptions on diesel, petrol and ATF remain

DainikNews Live Admin2 years ago02 mins

New Delhi55 minutes ago copy link The government had started imposing windfall tax for the first time from July 1, 2022 on export of domestically produced crude oil. The government has reduced the Special Additional Excise Duty (SAED), i.e. windfall tax, on export of domestically produced crude oil. In its regular review, the government has…